Other developed economies such as the United States and Japan have higher average salaries than China. The typical Chinese employee earns around 3,51,600 Yuan per year on average (USD 54,422).
Explore How Much is the Salary in China?
What is China’s Mean Daily Wage?
China’s average pay varies considerably across regions and cities. Wages are greater in Chinese cities like Beijing, Shanghai, Tianjin, Shenzhen, and Hangzhou.
While education, industry domain, amount of experience, and sector all play a role in determining the average income (the public and private sectors).
The average Chinese monthly pay in July 2021 will be 29,300 Yuan (Chinese Yuan), or USD 4,534 (US dollars).
Let’s take a closer look at China’s average wage now, shall we?
The Median Hourly Wage
The average Chinese monthly pay is 31,100 Yuan (US$ 4,813).
As a result, more than half of the population earns less than the median income. The other half, on the other hand, makes more money than the median. In general, the number of persons earning more than the median pay correlates closely with the country’s economic progress.
the salary range from the highest to the lowest
The lowest and highest monthly salaries in China vary from 7,410 Yuan (USD 1,145) to 1,31,000 Yuan (USD 20,245). The minimum pay in China is 7,410 Yuan, while the maximum monthly compensation is 1,31,100 Yuan.
Salary Increase on an Annual Basis
Depending on the job title, Chinese workers may expect to see an average income increase of 9% every 15 months.
No matter how often you hear the phrase “annual pay,” it doesn’t automatically mean you’ll get a raise every year. It varies from firm to company how often employees get a raise.
The bare-bones wage
The minimum wage is set by the local government in China. Living costs, local earnings, and labor supply and demand all play a role.
It’s for these reasons why minimum salaries are so disparate in large and little communities.
Workers in Shanghai make the most money, with an average monthly salary of 2,480 Yuan. Compared to smaller cities in provinces like Hunan, Hubei, Liaoning and Heilongjiang, Shanghai’s minimum salary is around twice as high as the national average.
In 2019, China’s work force was 805.7 million people, according to the National Bureau of Statistics. The country manages to produce 13 million new jobs each year despite its large population.
It is difficult for the Chinese government to regulate state minimum wage laws because of China’s large middle-class population.
CMWR stipulated that local governments must raise the minimum wage on a regular basis, no less than once every two years. The purpose of the minimum wage is to make sure that people have enough money to live comfortably.
Comparison of salaries based on years of experience, level of education, and location
In China, an employee’s wage might range widely. A breakdown of the pay comparison based on factors such as experience, education, and location can be seen below.
Level of expertise
It’s only logical that a person’s compensation rises as they gain experience. Workers in China with 2-5 years of experience earn 32% more than their less experienced counterparts in all sectors.
On average, experienced working professionals make 36% more money than newly graduated or newly hired employees. After 10 years of experience, the typical salary of a worker doubles.
Salaries vary widely from one place to the next when factors such as education are taken into account. However, the information shown here is the average of many such professions.
To begin with, an ESL instructor in Shanghai makes an average of 15,952 Yuan a month.
Merely 17 percent more than those who only graduated high school are professionals with diploma certificates. Those who have earned a bachelor’s degree earn 24% more than those who just have a diploma.
Furthermore, those with a Master’s degree earn 29% more than those with a Bachelor’s degree. Ph.D. holders in China make 23 percent more than those with a Master’s degree, according to the National Bureau of Economic Research.
Suzhou, Keelung, and Shanghai complete out the top five best paying cities, with an average yearly income of 5,39,175 yuan.