Sky-rocketing wages in Shenzhen will force Mainland Headwear Holdings, one of the world's largest cap makers, to relocate as much as 50 percent of its output to Bangladesh over the next two years.

The relocation was being fast-tracked after the special economic zone lifted the monthly minimum wage by 13.6 percent to CNY1,500 (USD237.9) yesterday, the nation's highest and the third increase in two years, managing director Pauline Ngan Po-ling said on Tuesday.

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