Space Travel News  
TRADE WARS
China export hub hikes minimum wages by 19%

by Staff Writers
Shanghai (AFP) Jan 21, 2011
China's main export region in the south will raise minimum wages by an average 18.6 percent, marking the second hike in less than a year as soaring food costs hit the country's millions of poor.

The increase announced by the Guangdong provincial government this week follows similar moves across the country as Beijing seeks to address the widening wealth gap even as it battles to rein in inflation.

The move will lift the minimum monthly wage in the provincial capital of Guangzhou to 1,300 yuan ($197), up from 1,100 yuan in most parts of the city, the government said on its website Wednesday.

Minimum wages in Guangdong, where thousands of factories and workshops churn out goods for the domestic and overseas markets, went up by 20 percent in May.

China has been raising minimum wages to help boost domestic consumption and relieve pressure on households struggling to keep up with rising food and property prices.

But higher incomes also help fuel inflation, which topped five percent in November for the first time in more than two years.

The consumer price index, a key measure of inflation, slowed to 4.6 percent in December but state media warned Friday that prices could rise by more than six percent at times during the first half.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Global Trade News



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


TRADE WARS
US, China ink $45 bln in export deals
Washington (AFP) Jan 20, 2011
The United States and China have announced a raft of trade deals worth $45 billion, as the two powers tried to narrow disputes by tethering their economic fortunes. Lauding 70 trade agreements with exporters in 12 US states, presidents Barack Obama and Hu Jintao edged away from the fevered rhetoric of recent months to stress mutual dependency, despite lingering tensions. Obama expressed ... read more







TRADE WARS
ATM Is Readied For Its February Launch On Ariane 5

ISRO To Launch Two Communication Satellites This Year

Arianespace Will Have A Record Year Of Launch Activity In 2011

2011: The Arianespace Family Takes Shape

TRADE WARS
Scanning The Red Planet

Mars Desert Research Station 2011 Field Season Begins

Rover Continues To Explore Santa Maria Crater

NASA tries to awaken mars rover

TRADE WARS
Lunar water may have come from comets - scientists

Moon Has Earth-Like Core

The Hunt For The Lunar Core

Rocket City Space Pioneers Announce Partnership With Solidworks

TRADE WARS
Mission To Pluto And Beyond Marks 10 Years Since Project Inception

Kuiper Belt Of Many Colors

TRADE WARS
Inclined Orbits Prevail In Exoplanetary Systems

Planet Affects A Star's Spin

Kepler Mission Discovers Its First Rocky Planet

NASA spots tiny Earth-like planet, too hot for life

TRADE WARS
Indonauts Must Wait For A Better Rocket

Canada says it could build launch rockets

ISRO Scanning Data For GSLV Flop

J-2X Turbomachinery Complete

TRADE WARS
China Builds Theme Park In Spaceport

Tiangong Space Station Plans Progessing

China-Made Satellite Keeps Remote Areas In Venezuela Connected

Optis Software To Optimize Chinese Satellite Design

TRADE WARS
NASA Radar Reveals Features on Asteroid

A Look Into Vesta's Interior

Dawn Has A Consistent 2010

Asteroid Itokawa Sample Return


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement