China's Workers are Saying Goodbye to Double-Digit Pay Raises
Salary increases for hundreds of millions slowed last year
Pay moderated while industrial firms reaped bumper profits
Photographer: James Leynse/Corbis via Getty ImagesBloomberg News
China’s workers may be starting to feel like they’re getting a raw deal.
Amid soaring industrial profits, employees in the world’s second-largest economy saw slower wage growth last year -- and many are seeing the smallest raises since 1997.
