Report: China raises minimum wages
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China's government has ordered minimum wages raised to help the poor cope with soaring food costs, a state news agency reported Friday.
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The People&#39;s Bank of China, China&#39;s central bank, announced yesterday that it would raise both lending and deposit interest rates 0.27 percentage point as of today.
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China has proposed lifting millions of its citizens out of the income tax net to ease the burden on low-wage earners amid rising inflation, state press said Sunday.
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An economist has warned that China did not raise its interest rates enough to curb inflation, the China Daily reported. Tang Min, chief economist with the resident mission
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China raised the interest rate on mortgage loans to 1.1 times the nationâs benchmark lending rates and increased the minimum down payment on apartments intended for investment in an effort to cool surging property prices.
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China saw a moderate rise in consumer inflation in August to 1.3%, with a notable rise in services.
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China has decided to raise its benchmark one-year lending rate to 5.58 percent from 5.31 percent with effect, the first such move in nearly a decade, the central bank said.
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China's 500 largest firms have seen their combined profits rise 23% to $80.4bn last year, researchers find.
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China's consumer inflation picked up pace in November, largely due to an increase in food prices, figures show.
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China raised its benchmark interest rates on Thursday for the sixth time this year, in the latest in a series of tightening steps to contain inflation and prevent the world's fourth-largest economy from overheating.
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Increases to the minimum wage are beginning to be cause for concern for businesses, the CBI says.
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Republicans in the State Senate forced through a measure to gradually raise the minimum wage by $2 to $7.15 an hour by January 2007.
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China&#39;s imports and exports in thefirst ten months this year amounted to 926.47 billion US dollars, rising 35.8 percent year-on-year, according to statistics releasedby the
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BEIJING, March 4 -- China announced Sunday it will increase military spending at a sharply higher rate this year, budgeting a rise of nearly 18 percent, and a senior U.S. official immediately called for more clarity on what the expenditures are for.
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China on Thursday announced it would hike interest rates for most deposits and loans by 0.27 percentage points, the first rise in nine years.
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China raised interest rates on Friday in the latest of a series of tightening steps aimed at keeping inflation in check and preventing the world's fourth-largest economy from overheating.
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China's retail sales grew at their fastest pace in five months during October, driven by rising wages.