The mainland uses minimum wages to influence private-sector pay cheques as part of its strategy to boost consumption and reduce inequality. Photo: AP The mainland uses minimum wages to influence private-sector pay cheques as part of its strategy to boost consumption and reduce inequality. Photo: AP
The mainland uses minimum wages to influence private-sector pay cheques as part of its strategy to boost consumption and reduce inequality. Photo: AP

Rising wages hit firms' profits in China's 'Sock City'

Government imposition of large minimum wage increases is threatening manufacturers' survival

The mainland uses minimum wages to influence private-sector pay cheques as part of its strategy to boost consumption and reduce inequality. Photo: AP The mainland uses minimum wages to influence private-sector pay cheques as part of its strategy to boost consumption and reduce inequality. Photo: AP
The mainland uses minimum wages to influence private-sector pay cheques as part of its strategy to boost consumption and reduce inequality. Photo: AP
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