11 Provinces Reduce Wage Growth Targets

From top to bottom: Beijing, Tianjin, Hebei, Shandong, Inner Mongolia, Shanxi, Sichuan, Yunnan, Shaanxi, Jiangxi, Xinjiang

21st Century Business Herald reporter learned that, cut around the enterprise wage guidelines reflects the multiple signals. First, the new normal macroeconomic synchronization by business efficiency and profit impact of wages has entered a slowdown phase; secondly, doing a larger proportion in the overall costs of the enterprise, the reasonable control of wage growth will help reduce the burden on enterprises.

But Guangdong Academy of Social Sciences, director of forest enterprise extraordinary noted down enterprise wage guidelines on the objective of easing the burden on help, but avoid this as “cost reduction” means upside down, supply-side structure ” reduce costs “is still needed from the government taxes, institutional transaction costs, financing costs, etc. have more.

…It is noteworthy that, after a time the cut, the 11 provinces and municipalities of the enterprise wage guidelines “baseline”, but also all reduced to less than 10%, and also means that there will be more people wage growth into the “bits number of “Time, bid farewell to the high growth rate of the past.

iFeng: 地方经济“晴雨表”:11省市企业工资指导线均下调

Author: 罗臻 http://www.investinginchinesestocks.blogspot.com

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