Yesterday, Mayor Han Zheng told a news conference that our local government will hike up the city’s minimum wage. “We have to raise minimum wage this year. The final adjustment will be well above 10 percent. ” Shanghai’s minimum wage is currently 1120 RMB a month (or 37.3 RMB a day), the highest in the nation. Guangdong is also planning to raise its minimum wage by 18.6%, which could be a sign that the golden age of dirt cheap Chinese labor is slowly dissipating.