Wage growth falters amid slowdown
By Chen Xin | China Daily | Updated: 2012-07-17 07:59
Trend to continue as companies feel squeeze on profits, experts suggest
Wage increases, in percentage terms, fell dramatically last year and the trend will continue as economic expansion slows, experts said.
The annual income of workers categorized as non-private sector, those in State-owned enterprises, collectively owned businesses and enterprises funded by foreign investment, stood at 42,500 yuan ($6,660) in 2011, a rise of 14.3 percent from a year earlier.
Photo