Chinese Leaders Promise Pay Hikes, More Jobs

AP
Chinese government new jobs
Chinese government new jobs

By Joe McDonald


BEIJING (AP) -- China's government promised Wednesday to raise minimum wages by 13 percent a year through 2015 and to launch measures to generate 45 million new jobs.

Communist leaders face pressure to spread China's prosperity more widely and narrow a yawning gap between a wealthy elite and the poor majority. Beijing froze wage rates to help companies stay afloat after the 2008 global crisis but has boosted minimum pay in many areas over the past two years following worker protests.