China wage increases trimmed as Xi targets consumer

China’s wage gains have moderated on weaker corporate profits, capping consumer demand as the government seeks to sustain a rebound after a seven-quarter economic slowdown.

Average urban salaries rose 12 per cent in the first nine months from a year earlier without adjusting for inflation, slowing from 14.4 per cent for all of last year and 13.3 per cent in 2010, government data show. Restaurant operator Yum Brands! reports smaller pay increases, and labour ministry data show the same for minimum wages.

via Business feed http://www.scmp.com/business/economy/article/1091021/china-wage-increases-trimmed-xi-targets-consumer