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Over half of China’s provincial areas raise minimum monthly pay
16 january 2013 BEIJING — Eighteen of the mainland’s 31 provincial-level regions raised the minimum monthlywage by an average of 19.4 percent year-on-year by September. The southern manufacturing hub of Shenzhen has the highest minimum monthly wage of 1,500yuan (about $240.18) and Beijing has the highest minimum per-hour wage of 14 yuan,according to a Ministry of Human Resources and Social Security press conference onThursday. By the end of September, 20 provinces, regions and municipalities had issued salary guidelinesfor the year and the benchmark line grew about 14 percent, according to the ministry’sspokesman Yin Chengji. He said the ministry will speed in setting up an appraisal system on minimum wages. It will alsoexplore ways to issue guidelines for minimum wages in key industries, and plan to carry out trialsalary surveys in companies.…
China’s R&D spending hits record high
16 january 2013 BEIJING — China’s expenditure on scientific research and development reached a record high level in 2011, according to official data released Thursday. China’s expenditure on R&D totaled…
China beefs up presence at Havana trade fair
16 January 2013 HAVANA – China has beefed up its presence considerably at the week-long 30th Havana International Trade Fair compared with the previous ones. China is participating with a…
China’s social insurance funds revenue up 24.6%
16 january 2013 BEIJING — The gross revenue of China’s social insurance funds totaled 2.04 trillion yuan($323.68 billion) in the first nine months, up 24.6 percent from the same period last year,official data said on Thursday. Gross expenditure of social insurance funds increased 23.2 percent from the same period lastyear to reach 1.59 trillion yuan, according to figures revealed by the Ministry of HumanResources and Social Security. China’s social insurance funds contain five parts, the basic endowment insurance for the old-ages, basic medical insurance, unemployment insurance, work-related injury insurance andmaternity insurance. As of September this year, 449 million Chinese people were covered by the nation’s pensionsystem with about 124 million receiving their basic pensions monthly, according to theMOHRSS.…
Brazilian farmers open office in China
16 January 2013 The Brazilian Confederation of Agriculture and Livestock, the main body representing millions of farmers in Brazil, will open an office in Beijing next Wednesday aiming to increase…
It’s jingle tills during the holiday season
16 January 2013 Days before the end of 2012, 19-year-old college student Wang Xiao planned to celebrate the new year holiday with her close friends. It’s jingle tills during the…
What lies ahead
16 January 2013 The world economy enters 2013 with significant risks that could blow any nascent signs of recovery off course – with most experts agreeing there is little chance…
Gen2 family firms look to world future
16 January 2013 As founders start retirement, their successors deploy new, global tactics With the majority of private enterprises in China faced with passing on the family business to the…
China’s GDP to grow 8.1% in 2013: report
16 January 2013 Li Daokui, the director of the center, said that the major economic indices will increase this year. Investment growth in fixed assets in 2013 will surpass the…
China’s food prices expected to rise
16 January 2013 Data from the Ministry of Commerce showed that the average wholesale prices of 18 monitored vegetables increased 2.9 percent in the week from Dec 24 to Dec…
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