Table of Contents
What is the average wage in China 2020?
around 97,400 yuan
In 2020, an employee working for a non-private company or organization in urban areas of China earned around 97,400 yuan annually on average. That year, the year-on-year growth rate of the average salary ranged at 7.6 percent nominally and 5.2 percent real.
What is the lowest salary in China?
Liaoning has the lowest monthly minimum wage and the lowest hourly minimum wage in China’s mainland, at 1,120 RMB per month and 10.6 RMB per hour.
What is China’s minimum wage per hour in US dollars?
Effective Aug. 1, 2021, Beijing (Chinese) increased its monthly minimum wage to 2,320 yuan (U.S. $360.01) from 2,200 yuan (U.S. $341.39), the Beijing Municipal Human Resources and Social Security Bureau said. The bureau also said the hourly minimum wage increased to 13.3 yuan (U.S. $2.06) from 12.64 yuan ($1.96).
What is the basic salary in China?
In the long-term, the China Minimum Monthly Wages is projected to trend around 2650.00 CNY/Month in 2022 and 2750.00 CNY/Month in 2023, according to our econometric models. In China, minimum wage refers to the minimum monthly wage in Shanghai (as it is the highest figure).
What is the average cost of living in China?
A Breakdown of the Average Cost of Living in China:
| Expenses | Cost (USD) | Estimated Monthly Cost (USD) |
|---|---|---|
| Rent | $200 ~ $700 | $200 ~ $700 |
| Food | $2~$5 per meal | $100 ~ $150 |
| Transportation | $,0.3~$0.5 each way (bus) | $30 ~ $50 |
| Utilities | Electricity, water, gas, telephone, wi-fi | $50 ~ $100 |
How much do workers get paid in China?
In 2020, an employee in the urban regions of the Chinese Jiangsu province earned around 103,600 yuan per annum on average. The national average reached about 97,400 yuan in 2020. Aside from regional discrepancies, the respective industry had a large influence on the average annual salary of employees in urban China.
How much do factory workers in China make per hour?
Salary Recap The average pay for a Factory Worker is CNY 48,615 a year and CNY 23 an hour in China. The average salary range for a Factory Worker is between CNY 37,942 and CNY 58,189.
Is China’s minimum wage inequality getting worse?
At the lowest end, the minimum wage in Hunan (RMB 1,130/US$174 per month) and Anhui (RMB 1,150/US$177 per month) is slightly higher than Liaoning’s (RMB 1,120/US$172 per month). However, while China is still among the most unequal countries in the world in terms of income inequality, it has made some progress over the past decade.
What is the minimum wage in Beijing in 2020?
Additionally, the Beijing Municipal Human Resources and Social Security Bureau issued the wage guideline for 13 industries on November 23, 2020. The security line of minimum wage for Beijing is stipulated as CNY 26,400, CNY 480 more than 2019.
What is the minimum hourly wage in China?
In 2020, the minimum hourly wage in Beijing was the highest in China at 24 yuan per hour. In the past decade, China has been shifting from a cheap labor driven economy to more matured, service-oriented markets and industries. While the economy continues to grow, prices and wages keep on increasing as well.
Which provinces in China will raise minimum wage in 2021?
So far, in 2021, the provinces of Heilongjiang, Hubei, Jiangsu, Jiangxi, Ningxia, Shaanxi, Tibet, Xinjiang, Zhejiang, as well as the cities of Beijing and Tianjin have raised their minimum wage standards. Meanwhile, the province of Jilin and the city of Chengdu stated they would adjust their minimum wages this year.