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Anorak | China Sets A Minimum Wage: Send For The Tibetans

China Sets A Minimum Wage: Send For The Tibetans

by | 11th, November 2011

IN Guangdong, China, workers will get a new minimum wage from Jan 1. Wages could go up by 20 percent. Will prices for goods go up? Or will China just make the stuff you buy somewhere else?

For decades, Guangdong province and China’s Pearl River Delta have been at the heart of China’s economic rise. And while larger manufacturers and state-owned companies have contributed greatly to the boom, smaller and medium-sized private firms have also helped propel China to become the world’s second-largest economy.

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Posted: 11th, November 2011 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink