AI Data Insight
The latest data shows that China's average wage index for employed persons reached 104.3 in the fourth quarter of 2025, a significant rebound from the previous value of 102.8, reflecting an annual nominal wage growth of approximately 4.3%. Although official efforts to promote policies of "boosting income and expanding domestic demand" have led to a steady climb in wages, the weakening wealth effect and external trade risks remain key variables for the future recovery of the labor market and consumption.