Chinese factory wages stall as US tariffs start to bite

Less overtime and holiday work impacts paychecks

20191009N Chinese worker yawning REUTERS

More Chinese companies are reporting less employee turnover as wages remain stagnant. © Reuters

YUSHO CHO, Nikkei staff writer

SHANGHAI -- Chinese wages have flatlined at many of the nation's manufacturers as a result of an economic slowdown brought on by a trade war with the U.S. and slumping global demand, a shift that has discouraged workers from switching jobs.

Only four out of 37 companies surveyed by Nikkei reported monthly take-home pay had risen from a year earlier, and one company said compensation, including employee benefits, had improved. The rest of the businesses -- more than 80% -- reported static or falling wages.

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