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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: TobagoJack who wrote (36197)	6/28/2008 11:12:58 AM
From: Haim R. Branisteanu	Read Replies (2) of 217645

TJ- I see that China is not exactly following HK attitude City Of Beijing Raising Minimum Salary By 10% - Report BEIJING (AFP)--China's capital Beijing is raising its minimum salary by 10% in a bid to help the worst-off cope with rising inflation, state media said Saturday. Beginning July 1, the minimum monthly salary for city employees will rise from 730 yuan to CNY800 ($106 to $116), the Xinhua news agency reported, citing city authorities. The move is aimed at offsetting recent price increases for rice, vegetable oil and pork, an unnamed Beijing Municipal Civil Affairs Bureau official was quoted as saying. Anger over rising prices has been a frequent source of social unrest in China. A recent central bank survey found that 45% of urban Chinese believe prices are currently "too high." China's inflation hit 7.7% in May, easing only slightly from 8.5% in April and still lingering at 12-year highs. Beijing this month announced it will raise retail gasoline and diesel prices by as much as 18%. (END) Dow Jones Newswires 06-28-08 0707ET

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