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Michael Pettis
michaelpettis.bsky.social
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SCMP: "Twenty-seven of the mainland’s 31 provincial-level jurisdictions have increased monthly minimum wages over the past year, with half introducing double-digit rises – outpacing China’s 5 per cent gross domestic product growth rate in 2025."
https://www.scmp.com/economy/china-economy/article/3341028/china-raises-minimum-wages-amid-drive-boost-household-spending?module=top_story&pgtype=section
2026-01-26T05:45:51.292Z