China raises minimum wages amid drive to boost household spending

China has recorded a five-year peak in the number of provincial governments raising minimum wages, official data showed, as Beijing pledges to “invest in people” to support economic growth over the course of its latest five-year plan. Twenty-seven of the mainland’s 31 provincial-level jurisdictions have increased monthly minimum wages over the past year, with half introducing double-digit rises – outpacing China’s 5 per cent gross domestic product growth rate in 2025 – according to the Post’s...