China Minimum Wage Up By 21.7% Despite Economic Cooling
By Staff, BBC News | Commentary by Dady Chery, Haiti Chery. In China, Beijing offers the best hourly rate of 13 yuan ($2), and Shenzhen guarantees the highest monthly minimum wage of 1,320 yuan ($207). As surplus capacity from the U.S.-Europe recession causes China to turn to its domestic market, the cost of Chinese-made goods will increase abroad.
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