US EditionChina gives government workers first big pay bump in a decade to boost economy
- Millions of government workers in China received surprise wage increases this week to boost the economy, as reported by people affected by the move.
- The immediate payout could amount to between US$12 billion and US$20 billion if all 48 million public-sector workers collect the increases, according to Reuters.
- Monthly wages for government employees were raised by an average of about 500 yuan , with some junior workers seeing increases near 300 yuan , as noted by Reuters.
- The pay rises were backdated to July and delivered as a single payment, with no details on funding provided by Beijing, as stated by people with knowledge of the matter.
36 Articles
36 Articles
Long-awaited consumption boost? China's government increases salaries for civil servants
China's rulers do not want to make a big deal about the new measure because they fear discontent among the population. Meanwhile, there are doubts as to whether the state is taking action in the right place.
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