This is a very interesting question, China has the largest population in the world and the biggest economy in the world, the labor force in China is huge, and the salaries are high, so what is the best salary in China? To give a satisfactory answer, we have to put all the above factors in consideration, such as the salary level, social status and economic condition, and then, find the right salary for the worker.
Understanding How much is a good salary in China
China has lower average salary figures compared to the Western countries, which is approximately 5000 Yuan per month. This is very low compared to the salary in the developed countries, we need to know that the average salary in China is still relatively low compared to the developed countries.
The average salary in China differs across cities, this is because the cost of living differs across cities, as the cost of living in Beijing is higher than that in Shanghai, the average salary in Beijing is higher than that in Shanghai.
In China, the average monthly salary is 29,300 Yuan (Chinese Yuan), and the difference between the average salary and the minimum salary is about 15,000 Yuan. The average salary in China is lower than the average salary in the developed countries, and it is also lower than the average salary in the emerging countries.
Now, let’s look at the numerous aspects of the average salary in China.
Median Salary
According to data from the National Bureau of Statistics of China, the median salary in China is 31,100 Yuan (USD 4,813) per month. This means that half of the country’s population makes an average income less than the median salary. In contrast, the other half earns more than the median salary. Generally speaking, a country’s economic development is directly proportional to the number of people making more than the median salary.
Maximum and Minimum Salary Range
The average salary in the People’s Republic of China ranges from approximately 7,410 Yuan per month (USD 1,145) to approximately 1,31,000 Yuan (USD 20,245) per month — with 7,410 Yuan being the minimum salary and 1,31,100 Yuan being the maximum salary.
Average Annual Salary Increase
Chinese employees are likely to observe a salary raise of approximately 9% every 15 months, depending on the job title. This is not a hard and fast rule, however, as it depends on the company. Chinese companies often give salary raises based on performance, and the frequency of these raises can vary depending on the company.
Minimum Wage
In China, the local government decides the minimum salary rates. The lowest minimum wage is set by the government, and the highest minimum wage is set by the local government in each region.
Employees in Shanghai earn the highest minimum wage in China. The minimum wage in Shanghai is set at 1,811 Yuan per month (USD 290), which is higher than the minimum wage in Beijing (1,719 Yuan per month, or USD 260) and Hong Kong (1,527 Yuan per month, or USD 210).
China’s middle-class population is huge, the majority of which is concentrated in the coastal regions, where the average salary is higher than in the inland regions.
For that reason, China’s Minimum Wage Regulations have been amended and there is now a minimum wage in each province.