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Salary hikes will kick-start consumption

By Yao Jing | China Daily | Updated: 2014-03-11 08:57

When China's economic growth is targeted at 7.5 percent and domestic demand becomes the main engine driving growth, it is crucial to implement measures to increase salaries and create an economy more conducive to consumption, officials and executives agree.

In working to hike domestic demand, China will focus on boosting consumption, Premier Li Keqiang said in his recent work report to the National People's Congress.

But since consumption is dependent on disposable income, salary increases become more significant and should be in line with the growth of the Consumer Price Index, CPPCC members said during a panel discussion.

Salary hikes will kick-start consumption

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