Bei­jing hikes min­i­mum wage in cap­i­tal by 20 pc

The Pak Banker - - I Nternational -

BEI­JING: Au­thor­i­ties in Bei­jing have hiked the min­i­mum wage in the cap­i­tal by about 20 per­cent for the sec­ond time in six months amid soar­ing food costs, ris­ing prop­erty prices and China's widen­ing wealth gap. The min­i­mum monthly salary in the city will be in­creased to 1,160 yuan from 960 yuan on Jan­uary 1, ac­cord­ing to a state­ment posted on the govern­ment's web­site Tues­day. -Ap

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