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Xinhua: Minimum Wage Increased in 11 Provinces and Cities

According to an article published on Xinhua, 11 provinces and cities announced a minimum wage increase starting in April. The provinces and cities are Guangdong, Hunan, Hainan, Tibet, Tianjin, Shenzhen, Shandong, Shanxi, Beijing, Shanghai, and Gansu. Among the cities, the monthly minimum wage (in yuan) in Beijing went from 1,560 (US$254) to 1,720 (US$280); 1,820 (US$296) to 2,020 (US$329) in Shanghai; 1,680 (US$273) to 1,850 (US$301) in Tianjin; and in Gansu Province it went from 1,350 (US$220) to 1,470 (US$239). The article said that Shenzhen has the highest monthly minimum wage at 2,030 (US$330) yuan while Beijing has the highest hourly minimum wage at 18.7 yuan (US$3.04). In addition the statistics that the National Trade Union released showed that the rate of increase decreased in the period from 2011 to 2014. The increases were 22 percent, 20 percent, 17 percent, and 14 percent respectively in those years. The rate of increase is expected to be around 10 percent in 2015.

Source: Xinhua, April 3, 2015