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Wage increase suggested at 12 pct in Beijing

2013-06-03 08:06 Global Times     Web Editor: qindexing comment

A 12 percent raise in staff wages is suggested for companies operating normally, the Beijing Bureau of Human Resources and Social Security said in a guideline on enterprise salaries Saturday.

For enterprises that have recorded a drop in profits but are still not posting losses, the wage increase can be 5 percent, the bureau said.

The guideline is a means for the government to redistribute social wealth, but is not obligatory.

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