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Shenzhen to raise minimum wage by 13%

  • Xinhua
  • 2014-01-20
  • 12:56 (GMT+8)
A worker pulls a cart loaded with flowers for an event in Shenzhen, Aug. 4, 2011. (Photo/Xinhua)

A worker pulls a cart loaded with flowers for an event in Shenzhen, Aug. 4, 2011. (Photo/Xinhua)

The southern Chinese manufacturing hub of Shenzhen is to raise its minimum pay by 13% next month in a bid to attract workers and help them offset the rises in living costs.

As of Feb. 1, the minimum monthly wage for full-time workers in Shenzhen, which borders Hong Kong, will be raised to 1,808 yuan (US$300) from current level of 1,600 yuan (US$260), according to a statement from the city's government. The new level is the highest nationwide.

Meanwhile, the minimum hourly pay for part-time workers is to be raised by 13.8% to 16.50 yuan (US$2.70).

The rise in minimum wages in Shenzhen mirrors similar moves in other parts of the country where fewer new workers are entering the labor force. The rapid rise in living costs is also a factor behind the wage hike.

The wage hikes highlight the challenge for the world's second-largest economy with its low-cost exporters feeling the pinch from rises in labor costs among other factors.

Who's Who

  • Xu Lirong (許立榮)

    Xu Lirong (許立榮)

    Xu Lirong has been chairman of China Shipping Group (COSCO) since November 2013.Xu holds an MBA degree from Shanghai Maritime University and is a ...