Sharp increases in minimum wages in several parts of China

wagegrowthinChinahasntbeentosuchanextentthat[factories]havetomoveoutofChina.Butthereisalsoariskthataslaborbecommoreandmoreexpensive,Sofar.theiwillperhapmoveoutofChina,saidLu,althoughheadthatsuchamovecouldbeseveryearaway.
asitagpopulandaresultshortagofunskillaborfuelasharpincreasinwagesOnecrucialfactorincreasingliexpecttotempereconomgrowthincomeyearisChinasworsendemographprofile..
anditsnotbecausofgovernpolicy,Thslowdownduetodemographisquitnatural.saiTingLu,ChinaeconomistatBofA MerrilLynch.Hesaidtheconsequwageriseisdrivesevermanufacturfromthecoastalregiontotheless-developinlandareas,especiwesternandcentralChina.
electronmanufacturFoxconnInternatHoldLtd.HK:20385.78,Earlithimonth.+0.06,+1.05%  FXCNY14.82,+0.01,+0.07% increasmonthlisalariforworkeratitShenzhenfactoriinsouthernChinabyanaverag66%.Theincreaswathesecondsuchhikebythecompanithiyearafteramuch-publicwaveofemployesuicidattheplant.Morebroadly,ChinesmediaandanalystreporthavehighlightsharpincreasinminimumwageinseverpartofChina,rangfrom5%to27%.

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