20 May 2025

Private sector experiences sluggish wage growth in critical industries

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Private sector wage growth is falling behind the public sector in some of China’s most important industries.
Per the stats bureau’s (NBS) 2024 Urban Employment Wage Report, published on Friday:

Real private sector wages grew 4% y/y in 2024
Wages at state-owned enterprises (SOEs) only grew 2.6% y/y
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