ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

Minimum wage hikes sweep China in 'common prosperity' push

Trend risks a production exodus over costs already higher than Southeast Asia's

A worker at a mask factory in Shanghai. The hikes are expected to most benefit migrants from rural areas working in cities.   © Reuters
TAKASHI KAWAKAMI, Nikkei staff writer | China

GUANGZHOU -- Chinese provinces have responded to President Xi Jinping's "common prosperity" campaign by hiking minimum wages, but higher labor costs could prompt manufacturers to shift production elsewhere.

Read Next

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more

By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our Cookie Policy to learn how you can update your cookie settings.

Accept & Continue Close