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People are serious talking about 15-20% rises for the next five years,

Andy Xie, ex-Morgan Stanley economist, wrote an excellent essay some months ago predicting a 400% increase in unskilled / semi-skilled Chinese worker wages over the next 10 years.

The Chinese Govt, Labour Bureaus and Unions will no longer have the same passive role in facilitating low wages or suppressing workers demands

no party may, by taking advantage of a contract, shall commit the following fraudulent activities:

there are new rules relating to provisions under standard contracts that all entities doing business in China should be aware of, as they create an immediate compliance risk relating to contracting with consumers using standard contracts.

 Supervision and Disposal Measures for Contract-related Illegal Activities  合同违法行为监督处理办法  Issuing Authority: State Administration for Industry and Commerce  Date of Issuance: October 13, 2010 / Effective Date: November 13, 2010

Article 7 of the AML prohibits business operators operating in industries pertinent to the national economy and national security from using their market power to harm the interests of consumers. Article 7 also stipulates that these business operators must conduct their businesses “honestly and trustworthily and exercise self discipline”

Article 17(5) of the AML prohibits business operators from abusing their dominance by bundling the sale of commodities without a valid reason or imposing unreasonable terms within a transaction.

Respondents under 32 years old had effective savings rates of zero

Respondents under 32 years old had effective savings rates of zero.

Consumer finance reforms are also spurring more consumption