Wages Are on the Rise in China as Businesses Court the Young
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Businesses in China are having a hard time finding able-bodied workers and are having to pay the workers they can find more money.
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Rising prices are causing Chinese companies to raise prices for exports, particularly on one critical commodity: pork.
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A pair of accidents that killed more than 300 miners has underscored the human price China pays for its booming economy and ravenous appetite for coal, an industry that's seen more than 4,500 workers killed on the job this year.
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China&#39;s economy grew by 9.5 percent year-on-year in the first nine months of this year, Spokesman Zheng Jingping for the National Bureau of Statistics announced in Beijing Friday.
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The stirrings of unrest have emerged among youthful migrant workers who supply cheap labor to foreign and Chinese businesses.
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China's retail sales grew at their fastest pace in five months during October, driven by rising wages.
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China's economy continues to expand at a rapid pace, growing 9.5% in 2004 despite government efforts to take it off the boil.
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China's retail sales in the first two months rose a strong 14.7 percent from a year earlier, reinforcing a trend of sturdy spending buoyed by rising incomes and government steps to spur consumption.
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The gap between rich and poor workers in the UK is growing, according to a survey which found top bosses' pay rising nearly 10 times as fast as that of the average employee.
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China on Thursday announced it will raise interest rates for one-year loans by 0.27 percentage points to 5.58%, the first increase in more than nine years.
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The labor law passed today strengthens protections for workers across Chinaâs booming economy.
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Chinese industrial production speeds up in May in spite of government measures to control the fast-growing economy.
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China's central bank on Thursday raised interest rates for the first time in nearly a decade in its boldest move yet to guide its heated economy to a path of slower growth.
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Cities are fighting for young professionals, a demographic group seen as key to an economic future.
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China's economy grew by 9.5 percent in the first three quarters of 2004 compared to the same period last year, China's National Bureau of Statistics announced.
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The median compensation for a top executive at the largest firms rose by 30 percent this year to almost three million pounds, a survey has shown.
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Inflation in China reached a 27-month high last month, but separate figures for growth in the money supply and loans suggested that the broader economy was not yet overheating.