Shanghai raises monthly minimum wage 11 percent: Xinhua

30 Mar, 2015

BEIJING: Shanghai will raise the city's minimum wage by 11 percent from April 1, the state-owned Xinhua news agency reported on Monday.

The minimum monthly salary will rise to 2,020 yuan ($325) from 1,820 yuan, while the hourly base wage will increase to 18 yuan from 17 yuan, the news agency said, citing a local government announcement.

Rapid increases in Chinese wages reflect a shift in the world's second-largest economy toward more reliance on consumption, while simultaneously weighing on the slowing manufacturing sector.

Copyright Reuters, 2015

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