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Minimum wages under such policies increased by an average 12.6 percent rate between 2008 and 2012. However, the growth rate of minimum wage levels decreased in 2016, reflecting the Chinese government's effort to reduce pressure on enterprises resulting from the uneven growth between labor costs and production rates. [1] [2] [3]
In 2020, China produced over 1053 million tonnes of steel, over half of the world total. This was an increase of 5.6% over the previous year as global steel production fell by 0.9%. China's share of global crude steel production increased from 53.3% in 2019 to 56.5% in 2020, decreasing -2.1% in 2021. [253]
Women have been a major labor presence in China since the People's Republic was established. Some 40–45 percent of all women over age 15 are employed. China's estimated employed labor force in 2005 totaled 791.4 million persons, about 60% of the total population.
“The 2024 challenge for the Chinese economy will not be GDP growth — that will likely be above 4.5%,” said Derek Scissors, senior fellow at the American Enterprise Institute, a center-right ...
A cost index is the ratio of the actual price in a time period compared to that in a selected base period (a defined point in time or the average price in a certain year), multiplied by 100. Raw materials, products and energy prices, labor and construction costs change at different rates, and plant construction cost indexes are actually a ...
The oil market could see a major supply glut in 2025 thanks to booming production from non-OPEC states like the US and sagging demand in China, according to the International Energy Agency.
The China Statistical Yearbook [3] (traditional Chinese: 中國統計年鑑; simplified Chinese: 中国统计年鉴 [4]), also translated into English as China Statistical Annual, [5] is a large-scale yearbook of statistical information [6] comprehensively reflecting the economic and social development of the People's Republic of China. [7]
China's markets entered 2025 on shaky ground, reversing a rally in late 2024 after Beijing boosted stimulus measures to shore up its flagging economy. "China equity markets rebounded in 2024.