Flexible minimum wage meets needs of times
China Daily | Updated: 2016-08-25 08:23
THE STATE COUNCIL, China's Cabinet, pledged to be more flexible when increasing the minimum wage in a work plan issued on Monday. Beijing Times commented on Wednesday:
The easing of the minimum wage system, which aims to strike a balance between the interests of employers and employees, is a response to the country's lackluster economic growth, which remained at 6.7 percent in the second quarter, the lowest growth rate since the 2009 global financial crisis.
In the current economic circumstances, many enterprises are struggling with an increasingly heavy financial burden. It is necessary to adjust the rises in the minimum wage to ease the pressure on them.
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