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Railway lifts Tibet's foreign trade by 75% in 10 months
Mainland shares gain; Shanghai Automotive rises
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Flurry of export activity as tax rebate deadline looms
Chinese firms' outsourcing revenue to reach US$7b in 2011
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China moves toward cutting bank savings tax
Auditor finds misconduct affecting US$2b at three major banks
China mulls issue of 1.55 trillion yuan of treasury bonds to buy forex
Exchange starts gold trading via local banks
China's dairy production ranks third in the world
Chinese gov't to allocate 6.5 bln yuan to tether pork prices
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Domestic shares fall amid measures to cool markets
Chinese shares tumble again as gov't works to rein in liquidity
China industrial-company profits climb 42%
Stocks fall for 3rd day as demand for shares slows
Stocks tumble after Zhou warns of possible bubble
Stocks dive on fears of interest rate hike
China orders boost in minimum wages as food prices soar
SHANGHAI, June 29 (AP) -- China's government has ordered minimum wages raised to help the poor cope with soaring food costs, a state news agency reported Friday.


Chinese leaders have been alarmed by a spike in inflation that saw the price of eggs rise 37.1 percent in May from their price in the same month last year. Meat and poultry were 26.5 percent more expensive in May compared to a year ago.


The increase "would have a great impact on low-income families," the Xinhua News Agency said.


Local authorities were ordered Thursday to submit plans for raising minimum wage levels, which vary widely from region to region, the agency said. It gave no details on how much wages were to be raised.


The highest current minimum wage in China is 810 yuan (US$106; €80) a month in the southern business center of Shenzhen. The lowest is 270 yuan (US$35; €27) in the eastern province of Jiangxi.


Shanghai, one of the world's most expensive cities, raised its minimum monthly wage by 60 yuan (US$7.80; €6) to 750 yuan (US$98; €73) last year.



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