New Report Indicates Decreased Real Wages in Major Chinese Cities
Inflation growth has outpaced pay increases in China's major cities, leaving workers in those regions with decreasing real wages, according to a recent report.
Real wages, or wages adjusted for inflation, for four major industries in 15 Chinese cities fell 5 percent year-on-year in June, although nominal wages increased in most of those cities, according to a human resources report compiled and published by the Economic Information Daily.
Real wages in those cities have risen just 1 percent since January 2010, the report said.
A slowdown in China's economic growth resulted in a month-on-month decrease in the total number of people employed in the 15 cities in June, although the number was still higher than that of the same period last year, according to the report.
China's Purchasing Managers' Index (PMI), a measurement of manufacturing expansion, declined for four consecutive months to a low of 50.7 percent in July before rebounding in August and September.
The country saw its consumer price index (CPI), a main gauge of inflation, rise 6.2 percent year-on-year in August, far above the government's four-percent target for the year.