Shanghai Minimum Wage the Highest in China
Shanghai's municipal government decided to raise the minimum wage by
14.3 per cent from RMB840 to RMB 960. The raise will be effective as of
April 1 and is already the second increase in five months. Raising food
prices and rent contribute to the city's high price levels, leaving
hundreds of thousands of Shanghai residents depend on government help,
state media say.
Air China Invests RMB18 bn
China's largest Airline Air China said it will invest up to RMB18 bn
this year. The carrier has plans buy 24 new planes, including A320
Airbus and B737 Boeings, and expand its domestic and international
routes from 272 to over 300.
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