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Wages are rising in China. In order to assess the scope of wage adjustments, the influence of minimum wage hikes and labour unions,and the magnitude of labour productivity improvements,we carried out surveys of clients of Standard Chartered Bank(China) over the past month.We spoke to Hong Kong manufacturers operating in the Pearl River Delta(PRD);Taiwan companies operating outside of Shanghai;and companies operating in Chongqing,in south western China.Our main findings are as follows:·Wages are up 9-15%this year-a significant rise,but below the 20-30% rates sometimes reported.·Despite broader worries about inflation,minimum wages are being
Wages are rising in China. In order to assess the scope of wage adjustments, the influence of minimum wage hikes and labor unions, and the magnitude of labor productivity improvements, we carried out surveys of clients of Standard Chartered Bank (China) over the past. month.We spoke to Hong Kong manufacturers operating in the Pearl River Delta (PRD); Taiwan companies operating outside of Shanghai; and companies operating in Chongqing, in south western China. Our main findings are as follows: · Wages are up 9-15 % this year-a significant rise, but the below 20-30% rates sometimes reported. · Despite broader worries about inflation, minimum wages are being