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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

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.

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