On the other hand, the increase in overall employees’ hourly cash earnings in nominal terms has remained moderate, and total cash earnings per employee also have risen moderately, albeit with some fluctuations. Going forward, the rate of increase in overall employees’ hourly cash earnings is expected to accelerate as that in base pay has started to do so as well.
And China has taken some steps towards increasing household demand and building more market-based adjustment mechanisms. These steps include the introduction of some exchange rate flexibility, which can help increase China's real income and domestic demand. All of these developments are helpful in terms of resolving imbalances.