According to the Chinese National Bureau of Statistics, the Chinese wages in the urban areas increased to €3.639 in 2012. This is a 17.1 per cent increase in 2012, for private sector employees working in urban areas. However, the increase was smaller than a year before. In 2011, the wages were up by 18.3 per cent. In addition, according to the CIA World Factbook, inflation in China during 2012, stood at 2.6 per cent while in 2011 was at 5.4 per cent.
Overall, the G...
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