Chapter 6. Labor Markets
Market sensitivity: Low
What is it? Report on the level and change of average wages in urban areas, published in current yuan and nominal YoY % for the year-to-date
Chinese news release on the Internet: www.stats.gov.cn/
English news release on the Internet: www.stats.gov.cn/english/
Release time: Typically with a considerable delay
Frequency: Quarterly data on wages in state-owned and large private-sector firms. From 2010, the results of an annual survey on wages in small private-sector firms are also published.
Source: National Bureau of Statistics (NBS)
Why Is It Important?
For 30 years, China has benefited from a surplus supply of workers that has kept the bargaining power in labor markets ...