{"id":302948,"date":"2026-01-25T13:48:08","date_gmt":"2026-01-25T13:48:08","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/302948\/"},"modified":"2026-01-25T13:48:08","modified_gmt":"2026-01-25T13:48:08","slug":"china-raises-minimum-wages-amid-drive-to-boost-household-spending","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/302948\/","title":{"rendered":"China raises minimum wages amid drive to boost household spending"},"content":{"rendered":"<p>China has recorded a five-year peak in the number of provincial governments raising minimum wages, official data showed, as Beijing pledges to <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3336651\/chinas-new-invest-people-slogan-heralds-rethink-economic-strategy?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">\u201cinvest in people\u201d<\/a> to support economic growth over the course of its latest five-year plan.Twenty-seven of the mainland\u2019s 31 provincial-level jurisdictions have increased monthly minimum wages over the past year, with half introducing double-digit rises \u2013 outpacing China\u2019s <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/economic-indicators\/article\/3340360\/chinas-gdp-rises-5-2025-us-trade-war-fails-knock-economy-course?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">5 per cent gross domestic product growth rate<\/a> in 2025 \u2013 according to the Post\u2019s calculations based on data released by the Ministry of Human Resources and Social Security this month.The higher pay \u2013 part of a broader effort to <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3340573\/china-targets-hi-tech-industries-domestic-demand-2026-new-policy-package?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">spur household spending<\/a> \u2013 would mostly benefit factory workers and those in low-paying service roles, such as cleaners, security guards and supermarket cashiers, analysts said.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cConsumption capacity is directly related to income distribution. If residents have sufficient income, they will be able to consume,\u201d said the authors of a research note by Yuekai Securities on January 11.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cTo fundamentally solve the issue of weak consumption, the key still lies in reforming [the] income distribution system.\u201d<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Hebei province in northern China recorded the largest increase, raising its minimum wage to 2,080 yuan (US$299) per month from 1,800 yuan \u2013 a 15.6 per cent rise since the start of 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"China has recorded a five-year peak in the number of provincial governments raising minimum wages, official data showed,&hellip;\n","protected":false},"author":2,"featured_media":302949,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[1793,79,381,9403,8886,27165,2784,179,18,48742,13944,110892,49242,19,17,9404,9408,2792,149312,18899],"class_list":{"0":"post-302948","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-beijing","9":"tag-business","10":"tag-china","11":"tag-chongqing","12":"tag-consumption","13":"tag-deflationary-pressures","14":"tag-economic-growth","15":"tag-economy","16":"tag-eire","17":"tag-fujian","18":"tag-guangdong-province","19":"tag-guizhou","20":"tag-hebei-province","21":"tag-ie","22":"tag-ireland","23":"tag-ministry-of-human-resources-and-social-security","24":"tag-national-bureau-of-statistics","25":"tag-shanghai","26":"tag-shanxi-province","27":"tag-xinjiang"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115956056446836550","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/302948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=302948"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/302948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/302949"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=302948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=302948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=302948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}