Caixin Survey: An Era of Wage Growth

China is approaching a new era of wage inflation that may last as long as 10 years. There are many contributing factors – rising consumer good prices, soaring property prices, a tightening labor supply and a new generation of more educated workers.

In addition, as per-capita GDP surpasses US$ 3,000 to 4,000, China's manufacturing workers' demands for leisure time has been growing, further increasing the pressure for wage growth.