China Increases Government Employee Salaries to Stimulate Economy

Reported 5 days ago

In an effort to boost morale and consumer spending, China has announced its first significant pay rise for government employees in years, with many receiving an increase of at least 500 yuan per month, retroactive to July. The pay hike, not publicly confirmed by the government, extends to various civil servants including teachers and police officers. This move aligns with President Xi Jinping's focus on enhancing domestic consumption amidst economic challenges, while also aiming to provide support for lower-income groups to ensure social stability.

Source: YAHOO

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