China may see an annual growth rate of 19 percent, or a 139 percent increase in salaries in the five years from now to 2015 as the nation's supply of labor dwindles, Law Evening News reported Friday, citing a report from Credit Suisse.

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China’s average labor increase stood at 1.3 percent for the last ten years, while in the next 30 years, the figure will decline to 0.3 percent.

Wages may rise to 62 percent of China's gross domestic product by 2015 from 50.5 percent last year, the Credit Suisse report said.

Credit Suisse Managing Director and Asia Chief Economist Tao Dong said that wages of China’s migrant workers jumped by 30 to 40 percent in 2010 and may rise 30 percent every year for the next three years.