China raises minimum wages amid drive to boost household spending

AI Summary
China has seen a surge in provincial governments raising minimum wages, with 27 out of 31 jurisdictions increasing them in the past year, some by double-digit percentages. This increase, the highest in five years, is part of Beijing's plan to boost household spending and stimulate economic growth. The wage hikes primarily target low-wage workers in factories and service roles. Analysts believe that increased income will lead to greater consumption, addressing the issue of weak consumer spending. Hebei province saw the largest increase, raising its minimum wage by 15.6% since the start of 2025.
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