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Inflation will hit wage hikes: Research

Updated: 2013-11-12 08:12
By Wei Tian in Shanghai ( China Daily)

Average wages in China will rise by 8.85 percent in 2014, accelerating from this year but hit by possible higher inflation next year, research by Hay Group showed.

According to the research report, the average salary increase in the world's second-largest economy would be 8.4 percent in 2013.

"We would see an additional growth in wages next year, but the real rate will be lower than this year in case of an increasing CPI (Consumer Price Index, a measure of inflation)," said Wayne Chen, vice-president of the Philadelphia-based management consulting firm.

Inflation will hit wage hikes: Research