The city of Beijing will raise its minimum monthly wage by 8.6% next year due to a labor shortage amid rising living costs, the official Xinhua News Agency reported Thursday citing a municipal government official.
The minimum monthly wage will be raised by CNY100 to CNY1,260 ($198), effective Jan. 1, Xinhua said, citing Sun Yan, deputy director of the Beijing municipal human resources and social security bureau.
The southern city of Shenzhen will raise its minimum wage 15.0% next year, and the southwestern city of Sichuan will raise its minimum wage by 23.4%, Xinhua said.