According to the 12th Five-Year Plan, the minimum wage should grow by 13% per year. Together with real appreciation, the increase in labor costs is bound to weaken the competitiveness of China’s labor-intensive export sector, which will be reflected in the trade balance more clearly in the coming years.
第二，中国的工资水平正在飞速上升。根据“十二五”计划，最低工资的年增长率为13%。工资上涨与实际汇率增长一起将必然削弱中国在劳动密集型出口领域的竞争力，而这在未来几年内将更清晰地体现在贸易平衡上。