China to raise minimum wage in many provinces

Xinhua Beijing, January 30 (Xinhua reporter Liu Weiwei chen Chen Yu) in the expansion of domestic demand, promote consumption, adjust the structure of the background, the mainland provinces and cities said it would raise the minimum wage standards.　　Taiwanese businessmen have responded positively and local governments have said they will take positive measures to minimise negative effects. Jiangsu Province has taken the lead in determining the minimum wage increase from February 1, with the minimum wage in various regions rising by more than 12% per cent.　　Dongguan, Chongqing, Beijing and other cities have also said that the initial increase in the minimum wage requirements. A number of Taiwanese businessmen have expressed their understanding of raising the minimum wage.　　Li Minggui, deputy general manager of Kunshan Taiwan Association, said that raising the minimum wage would not only relieve the growing shortage of "labor shortages" in the Yangtze River delta area, but also attract more college graduates to come to employment, thus optimizing the labor structure. ren Bao information Industry (KUNSHAN) Co., Ltd. Personnel department responsible also expressed the same view.　　He said that in the current "labor shortage" background, the company's recruitment costs and training costs can not be underestimated, with the rise in the minimum wage standards, the stability of the staff could be ensured, "This account is counted down, the enterprise will eventually reduce the cost of labor." Dongguan, Guangdong, from the beginning of last year's "labor shortage" has continued to this day, and intensified.　　Low wages are a direct reason for many migrant workers to leave the PRD, such as Dongguan's minimum wage is only 770 yuan, so low wages to maintain the basic expenses in Guangdong is not easy, many workers have to resign. In the recent Dongguan "two sessions", Dongguan municipal party secretary Zhigeng said, to ease recruitment difficulties, the appropriate increase in wage standards, is a wise choice. "We think that recruitment is difficult now, if the current minimum wage to recruit people, we worry more difficult to recruit workers, it is difficult to retain." Dongguan Taiwanese businessman Ye Haitian told reporters: "The original minimum wage standard has no practical significance, now recruitment so difficult circumstances, no enterprise can use the minimum wage to recruit workers, so, the appropriate increase in wage standards can enhance the competitiveness of a region's personnel, to a certain extent to ease recruitment difficulties. "But there are also some small and medium-sized Taiwanese companies that are under pressure to raise the minimum wage." Jianghuaning, a Taiwanese businessman who runs a small and medium-sized textile enterprise in Dongguan, told reporters: "Because of the financial crisis, the company's vitality is greatly damaged." Now, although the orders are more, but if the increase in the minimum wage, will undoubtedly increase the burden of development of enterprises.　　Jiangling, deputy mayor of Dongguan, said the government would, in other ways, reduce the operating costs of businesses as much as possible, so that companies would not be burdened by a rise in the minimum wage. The head of Labor relations Department of Jiangsu Province Human Resources and Social Security Bureau said that Jiangsu Province will continue to implement the "five slow four minus three and two consultations a simplified" policy this year, as far as possible to help digest enterprises to raise the minimum wage standards and increase the cost of labor. At the same time, in accordance with the characteristics of Jiangsu Province Taiwan Enterprises, in the continued implementation of more than 30 supporting Taiwan enterprises healthy and steady developmentand speed up the transformation and upgrading policies, this year will also increase the support to Taiwan enterprises, and effectively reduce the burden on the enterprise. Ruxi, director of the Industrial Economics Research Center of Antai School of Economics and Management of Shanghai Jiaotong University, said the new round of the minimum wage increase, for some low value-added, low profit margins of the industry will certainly have impact, but this is China's industrial restructuring, the development of the way the process will inevitably experience.　　This "push" mechanism is very helpful for promoting industrial upgrading, speeding up structural adjustment and practicing scientific development concept. "In fact, even if the minimum wage is raised, China's labor costs are relatively low and still have a comparative advantage around the world," he said. Ruxi said that at present, the financial crisis is still in effect, the Chinese economy is just recovering stage, all over the adjustment of the minimum wage standards, to grasp a degree, avoid ups and downs.