29 June 2018
China Sourcing Update: Labour Cost (Jun 2018)
1. Minimum wage levels in a number of provinces/municipalities are adjusted upward
From April to June 2018, local governments in three provinces/municipalities raised the minimum wage levels in their jurisdictions. Besides, the Guangdong provincial government announced to increase the minimum wage levels in its jurisdictions, effective from 1 July 2018.
2. Local governments in some provinces/autonomous regions issue new guidelines on salary rise
From April to June 2018, local governments in three provinces/autonomous regions issued new guidelines on salary rise.
3. Income of migrant workers gains 7.3% yoy in 1Q18
According to China’s National Bureau of Statistics (NBS), the average monthly income of migrant workers increased by 7.3% yoy to 3,736 yuan in the first quarter of 2018.
4. Wages in urban private units rise 6.8% last year
The average annual wage of employees in urban private units grew by 6.8% yoy to 45,761 yuan in 2017.
5. Wages in urban non-private units jump 10.0% last year
The average annual wage of employees in urban non-private units rose by 10.0% yoy to reach 74,318 yuan in 2017.
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