Beijing's Minimum Wage Up by 20 Per Cent

The minimum wage in Beijing has been increased by 20% to 1,160 yuan (US$175) from 960 yuan ($145), reports ChannelNews Asia. The increase will take effect on January 1.

 

The hike is the second time in six months. In July, the minimum wage was increased by 20% to 960 yuan.

 

The latest increase in Beijing comes amid growing soaring food costs, rising property prices and China's widening wealth gap, says ChannelNews Asia.

 

 

MORE ARTICLES ON COMPENSATION AND BENEFITS

Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern