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<br><br>Wages in China kept pace with economic growth in the first half of 2016 but maintaining that will be difficult, the country's statistics bureau said on Sunday.<br><br>It cited issues such as overcapacity in China's coal and steel sectors as well as some declining agricultural prices as taking a toll on salaries.<br><br>Maintaining the relationship between the pace of growth and that of wage increases is a challenge requiring "close attention", Wang Pingping, head of the National Bureau of Statistics' (NBS) household survey office said, according to the bureau's website.<br><br>Disposable household income, adjusted for inflation, rose 6.5 percent in the first half of the year, compared with economic growth of 6.7 percent, the statistics bureau reported on July 15. <br><br>Economic growth in the second quarter was faster than expected as a government spending spree and housing boom boosted [http://www.dict.cc/englisch-deutsch/industrial.html industrial] activity, but a slump in private investment growth points to a loss of momentum later this year.<br><br>Several Chinese provinces have slowed or halted increases to minimum wages, as companies face pressure from rising expenses and weakening demand. China's human resources vice minister this month called for a slowdown in wage increases in order to maintain competitiveness.<br><br>China plans to allocate 100 billion yuan ($14.96 billion) to help local authorities and state-owned firms finance layoffs in the steel and coal sectors this year and in 2017. Layoffs from the two [http://www.buzzfeed.com/search?q=sectors sectors] are expected to total 1.8 million people, according to official estimates.<br><br><br><br>(Reporting by Nick Heath and Winni Zhou; Editing by Richard Borsuk)<br><br>If In the event you loved cherished this short article information and also you would such as like to get details relating to obtain more facts concerning [http://www.exchangethegame.com/author/rosevjb8131/ Slotomania hack no jailbreak] kindly browse through pay a visit to our web own site.
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