Twenty-six Chinese provinces decide to raise their minimum wages by the end of 2013. [file photo] |
A total of 26 Chinese provinces decided to raise their minimum wages by the end of 2013, according to statistics from the Ministry of Human Resources and Social Security.
Currently, Shanghai sees the highest minimum wage per month, i.e. 1,620 yuan (US$267.89).
Other regions that made the decision include Beijing, Zhejiang, Shaanxi, Shandong, Tianjin, Guangdong, Xinjiang, Jiangsu, Fujian and Chongqing.
Some of the pay rise plans will be implemented in 2014.
The continuous wage rise will help China accelerate the adjustment of its economic structure and the transformation of the growth model, the Economic Information reported.
"It will be impossible to realize rapid economic growth through low labor cost," said Zhang Monan, associate researcher with China Center of International Economic Exchange, "It's high time to improve productivity and the workers' quality."
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