China Financial Daily

Expert: Enterprise day is better than negative growth is not a good phenomenon
August 4, the Guangdong Provincial Labor and Social Security issued by the Office of the province enterprises in 2009.” Which provides for the production of normal and cost-effective to achieve the same average level of the enterprise sector, the wage growth of 7 percent for the baseline, on-line (warning level) was 12%, lower to zero or negative growth.

The baseline, a record since 2001 — the lowest level in 2008 compared to 10% ~ 15% and in 2007 to 10.3%, a decrease of about 3 percentage points. “Line to zero or negative growth” is the word the first time in recent years.

“Negative growth” means that the “cost-effective reduction” or “by the financial crisis, instability in production and management” of enterprises, a pay cut to follow the Government’s guidance. A message, a public outcry, or questioned the wage increase with a departure from the economic trends, or that the large gap between rich and poor will be pulled.

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