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China to See Low Wage-Inflation Pressure in Service Sector Recovery
Service-sector wage-inflation risk will be relatively low in China amid a demand in recovery, due to the high unemployment rate, weakened financial standing of low-income individuals and families, and low profitability of many service-sector employers limiting wage growth, says Fitch Ratings. China’s removal of Covid-19 control measures has boosted demand for offline services. Some sectors, including express delivery and catering, have reportedly experienced varying degrees of labour shortages recently. However, we believe the shortage is temporary, reflecting a pick-up in demand and the effects of seasonality. The ... (full story)
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- Posted: Feb 28, 2023 11:47pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 499
