China Drafts Code to Regulate Salaries

From Xinhua:

The Ministry of Labor and Social Security is working on a draft regulation to encourage employers to implement salary rises, a move that is being seen as a way to lessen the effects of rising inflation.

The regulation is designed to help develop a mechanism to facilitate a healthy and rational increase of employees’ , an official said.

The draft will be submitted to the State Council for review soon but the source did not release specific details. [Full Text]

January 22, 2008 8:27 PM
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Categories: Economy