Shanghai boosts the city's minimum wage 13% to ¥1,450, or $230/month, following Beijing and...

|By:, SA News Editor
Shanghai boosts the city's minimum wage 13% to ¥1,450, or $230/month, following Beijing and Shenzhen which hiked earlier this year. "China has passed the demographic turning point, with little excess labor left," says an economist expecting more wage increases to cope with a chronically tight labor market