Date
18 October 2017
Chinese cities and provinces have been raising minimum wages for workers as part of efforts to boost consumption. Photo: Bloomberg
Chinese cities and provinces have been raising minimum wages for workers as part of efforts to boost consumption. Photo: Bloomberg

Zhejiang joins minimum-wage-hike bandwagon

China’s eastern Zhejiang province has raised its minimum wage from August 1, boosting the figure by 12.5 percent on average across various tiers, China News Service reported Tuesday.

The minimum monthly wage at the lowest tier of a four-notch system has been raised to 1,220 yuan (US$197) and the minimum hourly wage set at 9.8 yuan, the report said. At the highest tier, the minimum monthly and the minimum hourly wage has been set at 1,650 yuan and 13.5 yuan, respectively. 

With the initiative, a total of seventeen provinces and cities in China have raised their minimum wages so far this year, the report noted.

According to the report, Beijing, Shanghai, Tianjin, Shenzhen and Chongqing municipalities as well as the provinces of Shaanxi, Shandong, Shanxi, Qinghai, Gansu, Yunnan, Sichuan, Jiangxi, Guizhou, Henan, Zhejiang and Inner Mongolia Autonomous region have hiked minimum wages in 2014.

Shanghai still tops the nation, with the highest minimum monthly and hourly wage — at 1,820 yuan and 17 yuan respectively, the report said.

It is worth noting is that the average increase in minimum wage nationwide this year was about 14 percent, the smallest in recent years.

According to previous government figures, 24 provinces had raised minimum wage by 22 percent on average in 2011, while in the next year 25 regions had hiked the wage by 20.2 percent. In 2013, 27 regions had raised the minimum wage by 17 percent on average.

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