National Average Salary In China As of May 29, 2023, the average monthly salary in Mainland China is approximately 29,300 Yuan ($4,214 USD), which translates to an annual pay of around 351,600 Yuan or $49,200 USD.
The average salary in China ranges from 7,410 Yuan per month (USD 1,066) to 131,000 Yuan (USD 18,842) per month — with 7,410 Yuan being the minimum salary and 131,100 Yuan being the maximum salary.
The average monthly pay in China varies from 7,410 Yuan (USD 1,145) to 1,31,000 Yuan (USD 20,245) — with 7,410 Yuan being the lowest salary and 1,31,100 Yuan being the highest salary. The least salary in China is 7,410 Yuan and the maximum salary is 1,31,100 Yuan.
What is average wage in China? Average Wages in China increased to 114029 CNY/Year (1330.209 USD/Month) in 2022. The maximum rate of average wage for employees was 93383 CNY/Year and minimum was 445 CNY/Year. Data published Yearly by Ministry of Human Resources and Social Security.
The minimum wage in China is set locally; ranges from RMB 1,420 (US$208.82) per month, or RMB 14.6 (US$2.06) per hour in Liaoning; to RMB 2,420 (US$379.77) per month, or RMB 21 (US$3.30) per hour in Shanghai.
Average Costs in China
According to research conducted by pandabuddy.net, the average cost of living in China ranges between $380-$1500, depending on the city. The majority of that money is spent on rent and utilities, which ranges from $250-$1000.
Countries that pay the highest salaries globally are Switzerland, Luxembourg, Singapore, USA. Full list here. The average salary in India is below ₹50,000, reveals a latest report. On the occasion of International Labours Day, the World of Statistics has released data on average monthly salaries around the world.
As of 2020, China has succeeded in eradicating absolute poverty, but not the poverty defined for upper middle-income countries which China belongs to. China still has around 13% of its population falling below this poverty line of $5.50 per day in 2020.
In 2021, the average price for residential real estate in Shenzhen was over 61.6 thousand yuan per square meter. This was the highest price among all major cities in China, with the average price across the country amounting to 16,533 yuan per square meter.
Types of jobs available in China
Some of the most common types of jobs in China include manufacturing and assembly line jobs, technology-related jobs such as software engineering and web development, and finance-related jobs such as accounting and investment banking.
The most common definition currently seen in China is the scope set by the National Bureau of Statistics (NBS), which defines the “middle-income group” as a typical three-person household that earns between RMB 100,000 to RMB 500,000 (approx. US$14,844 to US$74,221 in 2022) per year.
Overall, the average salary for foreign professionals in China is dependent on several factors such as the industry, size of the company, education, and experience. However, salaries for entry-level positions can range from ¥6,000 to ¥20,000 per month, depending on the employer and position.
CEO or Chef Executive Officer is among the highest paying job in China. There are multiple universities in China which offer excellent MBA programs that paved the way for potential aspiring CEO of the future.
Is living in China safe? Yes, many expats, especially women, find living in China is much safer than in cities like London or New York. Street harassment and catcalling is virtually unheard of for foreigners, and streets tend to be well lit at night.
The exception to cheap groceries in China is dairy products. One gallon of milk costs $7.20 to $8.80 and a pound of local cheese costs $5.55 to $6.75.
In addition to its low labor costs, China has become known as "the world's factory" because of its strong business ecosystem, lack of regulatory compliance, low taxes and duties, and competitive currency practices.
So, can foreigners buy property in China? The answer is yes, foreigners are allowed to purchase property in China! The essential requirement is that you have studied or worked in China for at least one year on a residence permit. Foreigners are allowed to only own one residential property for dwelling purposes.
There is no private “freehold” land ownership in China. All urban land in China is owned by the Chinese government and is commonly referred to as “state-owned land.” All rural and suburban land is owned by rural collectives (ie, local groups of farmers) and is commonly referred to as “collective land.”
According to China's National Bureau of Statistics, national gross domestic product per capita reached 85,698 yuan in 2022, or about US$12,741 based on the yuan's average exchange rate last year. That puts the country just slightly below the World Bank's high-income threshold of US$13,205, as of July 2022.
China has transformed itself from a low-income country in the 1990s into the world's second-largest economy, with many attributes of a rich global power projecting its economic and diplomatic influence abroad.
Monthly surveyed urban unemployment rate in China June 2021-2023. In June 2023, the surveyed unemployment rate in urban areas of China ranged at 5.2 percent, remaining flat from the previous month. The quarterly unemployment rate in China stood at 5.2 percent in the second quarter of 2023.
What is the average salary in Dubai? According to Salary Explorer, the average salary in Dubai is 258,000 AED per year (70,256 USD as per exchange rates in 2023). This figure can help you get an overview of Dubai's economy and its standard of living.
The average monthly net salary in Asia is USD 1,069. Singapore has the highest average monthly salary (USD 6,332), while Syria has the lowest (USD 60). This is based on the exchange rates in April 2023.