CHINESE government workers were given surprise wage increases recently, people affected by the move said, as Beijing looks to boost spending to support the slowing economy, reports Reuters.
The one-time pay boost amounted to a one-time shot to the economy of between about US$12 billion and around $20 billion if all 48 million people counted as public-sector workers collected on the terms described to Reuters.
The last time china publicly announced a nationwide increase in pay for civil servants was in 2015, when the government raised pay for local officials by more than 30 per cent as part of an effort to combat corruption and lift consumers' spending power.
This time, monthly wages for government employees were increased by an average of about CNY500 (US$68.50), according to people contacted by Reuters or who had posted on social media. Some junior government workers reported monthly increases of near CNY300.
SeaNews Turkey
The one-time pay boost amounted to a one-time shot to the economy of between about US$12 billion and around $20 billion if all 48 million people counted as public-sector workers collected on the terms described to Reuters.
The last time china publicly announced a nationwide increase in pay for civil servants was in 2015, when the government raised pay for local officials by more than 30 per cent as part of an effort to combat corruption and lift consumers' spending power.
This time, monthly wages for government employees were increased by an average of about CNY500 (US$68.50), according to people contacted by Reuters or who had posted on social media. Some junior government workers reported monthly increases of near CNY300.
SeaNews Turkey
