SHANGHAI, Jan 21 (Reuters) - Shanghai plans to raise minimum wage by more than 10 percent this year, the mayor of China’s most populous city said on Friday.
“We have to raise minimum wage this year. The final adjustment will be well above 10 percent,” the city’s Mayor Han Zheng told a news conference.
Local media reported on Thursday China’s Guangdong province will raise its minimum wage by an average 18.6 percent from March, in a sign that Chinese labour costs may rise strongly again in 2011. [ID:nTOE70J011]
The Chinese government has repeatedly pledged to increase workers’ share of national income as part of efforts to boost consumption. (Reporting by Soo Ai Peng; editing by Kazunori Takada)