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14 June 2006 China's services sector wage increased by 17% Wage inflation in China's financial and professional services sector in the second quarter has climbed to 17%, according to Manpower, the world's largest temporary-employment agency by sales. Higher wage rates and a shortage of middle management have pushed companies to trim their hiring plans for the third quarter and behavioural changes as well as higher wages are prompting staff to move more often.
Economic Research Unit |
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