China will establish a system for monitoring wage payments

Xinhua Beijing, April 23, Xinhua Human Resources and Social Security spokesman Yin Chengki 23rd in the press conference on Labor relations and rights and interests to ensure the next step of work arrangements, will establish a pay monitoring system, and further expand the scope of the implementation of the wage margin system.　　Yin Chengki said that the Ministry of Human Resources and Social Security will guide all regions according to economic development, consumer price index changes and other factors, timely increase the minimum wage standards.　　At present, Shanxi, Shanghai, Jiangsu, Zhejiang, Fujian, Guangdong, Tianjin and other 7 provinces (cities) have increased the local minimum wage standards, including the minimum monthly wage standard of the highest average range of about 17%. According to another introduction, as of the end of last year, China's five social security funds have balances. which， The pension fund balances 1.23 trillion yuan, increased by 244.1 billion yuan over the previous year; the Health insurance fund balance was $412.9 billion, which grew by 76 billion yuan last year; the Unemployment insurance fund balance was $151.4 billion, which grew by 20.4 billion yuan last year; the work-related injury insurance fund balances 40.4 billion yuan, which grew by 6.9 billion yuan last year;