China - Beijing to raise minimum wage 21% in 2011 as inflation quickens

Beijing will raise the minimum wage by 20.8% in 2011, becoming the latest local government to lift pay in a country where inflation is running at the fastest clip in more than two years. The increase to RMB1,160 (USD175) a month from RMB960, the second boost this year, will take effect on 1 Jan 2011, according to a statement from the Beijing Human Resources and Social Security Bureau. The city will also raise pension and unemployment benefits, the agency said. (Bloomberg)