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.