Dec. 28, 2010 (China Knowledge) - The Beijing Municipal Government will raise the city's minimum monthly wage by RMB 200 or 20.8% to RMB 1,160, the highest in China, from the current RMB 960next year, said the Beijing Human Resources and Social Security Bureau yesterday.
Meanwhile, the minimum hourly wage for part-time workers will increase to RMB 13 from RMB 11, said the bureau.
In addition, the local government will raise the standards for basic retirement pension, welfare pension, unemployment insurance payment and so on starting Jan. 1, 2011.
Analysts said that that the wage hike will add to concerns over inflation pressures.
China's local governments have been steadily raising local minimum wages over the past years, with the magnitude of such increases beginning to pick up last year.