On July 7, 2005, quoting Xinhua News Agency, China Daily re****ted that
China raised the minimum wages in the capital Beijing and the
commercial hub Shanghai with an average of 45 yuans (US$5, Euro 4).
Read more details in
http://www.chinadaily.com.cn/english/doc/2005-07/01/content_456392.htm
An outline of this article:
* Shanghai's new minimum monthly wage rose from 635
yuans to 690 yuans (US$83, Euro 69). Wages in
Beijing rose from 545 yuans to 580 yuans (US$70,
Euro 58).
* Minimum hourly wages for part-time workers are raised
too. In Shanghai it rose from 5.5 yuans to 6 yuans
(US$0.73, Euro 0.60) and from 6.8 yuans to 7.3
yuans (US$0.88, Euro 0.73) in Beijing.
* Despite the minimum wage, actual salaries for migrant
workers are often well below those levels, and offer
little or no job security.
* China has no national minimum wage, a reflection of
the great income disparities between the more developed
coastal cities and the vast impoverished hinterland.
* Xinhua did not say what factor prompted the increases.
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