Summary of Are You Among Those Who Will Get a Raise?

Looking for the article?
We have the summary! Get the key insights in just 5 minutes.

Are You Among Those Who Will Get a Raise? summary
Start getting smarter:
or see our plans

Rating

7 Overall

9 Applicability

7 Innovation

6 Style


Recommendation

China has set a goal of raising the standard of living for the middle class significantly by 2020. As a part of this grand scheme, nearly 20 local municipalities have announced wage increases in seven job categories that will benefit an estimated 300 million people. In this article from China Central Television Station’s wemedia finance channel, reporter Zhang Di briefs readers on which policies may affect them and how these changes may affect China as a whole. getAbstract recommends this article to people interested in China’s socioeconomic shifts and new economic policies in 2018.

In this summary, you will learn

  • Which seven Chinese job categories will see wage increases in 2018,
  • What job market strategies different Chinese municipalities are employing, and
  • How job policies that local governments will implement help meet the central government’s goal of bridging the wealth gap between urban and rural areas.
 

About the Author

Zhang Di is a financial news editor at CCTV.

 

Summary

Chinese municipal and local city governments announced policies that aim to raise the pay in seven major job categories: highly skilled laborers, farming professionals, researchers and developers, microbusiness entrepreneurs, company managers, bureaucracy staff, and the socially and economically disadvantaged. The new wage increases rolled out nationwide will benefit an estimated 300 million people in China. By affecting related industries, an even greater number of people may benefit. 


More on this topic

Related Channels

Comment on this summary