China official newspaper calls for workers' pay rises (transcript from BBC, UK on 22/06/2010)

'One of China's most influential newspapers, the official People's Daily, has called for workers' incomes to be raised.'
At the moment, China has been under pressure from USA regarding their problems on their currency. The People's Bank of China has announced last Friday on relaxation of the Yuan which allows the currency to be more flexible and revaluate at a moderate pace, however, China has ruled out to revaluate the Yuan on a much broder scale (to lift the currency in one go!). On the other hand, G-20 meeting will be held next month and China could be faced with more allegation from other EU countries on manipulating the Yuan as to sustain their exporting growth.
In accordance with the report from People's Daily, they called for a pay rise to workers which is not coincident. Due to the economic boom during the past years, inflation has escalated higher and higher which pushed up the living costs of Chinese people, so as the gap between rich and the poor becoming wider. As most worker's wages stayed at a low margin which hardly enable them to pay for their livelihood, it might triggered instability within the society.
As a result, it endangered Communist Party's power to run the country. The strike of Foxconn and Honda taken place recently is just a tip of the iceberg!
In my opinion, if the government of China is not take proper action to control the whole situation in the future, I am most concerned that China will be a time bomb which could explode and devastating the global economy as a whole.