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Beijing hikes minimum wage as inflation soars: report
Sat, Jun 28, 2008
AFP

BEIJING - CHINA'S capital Beijing is to raise its minimum salary by 10 per cent in a bid to help the worst-off cope with rising inflation, state media said on Saturday.

Beginning from July 1, the minimum monthly salary for city employees will rise from 730 to 800 yuan (S$144-157), the Xinhua news agency reported, citing city authorities.

The move is aimed at offsetting recent price increases in rice, vegetable oil and pork, an unnamed Beijing Municipal Civil Affairs Bureau official was quoted as saying.

Anger over rising prices has been a frequent source of social unrest in China.

A recent central bank survey found that 45 per cent of urban Chinese believe prices are currently 'too high'.

China's inflation hit 7.7 per cent in May, easing only slightly from 8.5 perc ent in April and still lingering at 12-year highs.

Beijing this month announced it will hike retail petrol and diesel prices by as much as 18 per cent. -- AFP


 
 
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