China Drafts Code to Regulate Salaries
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’ salaries, 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]