Goldman Sachs says there is no sign that rising wages will lead to a significant rise in inflation

Goldman Sachs reported 5th that there was no indication that wages in parts of China had risen sharply in the past few months, and that China's international competitiveness had not been undermined, and that CPI inflation in the short term would likely decline as demand grew, and that the medium-to long-term inflation trend would depend on monetary policy adjustments. In the past few months, China has raised the regional minimum wage in several regions, and some companies have seen a noticeable rise in wages. Some investors are worried about whether the move will push up the inflation rate and cause China to lose its international competitiveness in the long run. (according to Xinhua)