Han Zheng: Shanghai minimum wage

Shanghai Mayor Han Zheng said at a press conference today that according to past practice, the minimum wage will be adjusted to more than 10% per cent this April 1.　　At the same time this year, Shanghai's affordable housing income line standards will be raised more than 10%. Han said that starting January 1 this year, Shanghai began to increase the company's retirement pension, in accordance with 10% to adjust to 185 yuan per capita, while the urban insurance pension and low-income family allowances have also been adjusted.　　Shanghai will still adjust the minimum wage for April 1 this year, and will be sure to adjust to more than 10%. According to Han Zheng, the current minimum wage in Shanghai is 1120 yuan, excluding the net income from old-age insurance, medical insurance and industrial injury insurance.　　An increase of 10% means that Shanghai's minimum wage will reach $1232 a month. A recent report on the low wages of Carrefour's Shanghai stores has caused widespread concern, saying that more than 6,000 front-line employees in 20 stores in Shanghai have long wandered in the city's lowest wage line.　　Data show that from 1998 to date, Carrefour Shanghai employees of the actual monthly income growth of less than 50 yuan, while Shanghai's minimum wage doubled 3.45 times times, Shanghai's per capita GDP doubled at least 3.09 times times. At the same time, the income line standards for affordable housing this year is expected to be improved, Han said now 2900 yuan income line standards will gradually increase this year's increase will certainly exceed 10%. In addition to the public concern about the housing tax, Han Zheng did not disclose too much, he said that Shanghai is currently active in the preparation of a pilot property tax levy, Shanghai's pilot preparation has always been the guidance of the relevant State departments and help. (Jessie is from Shanghai)