What is The Average Salary in China in 2021

To put it another way, China's average wage is less than that of the United States or Japan. The average yearly salary for a Chinese worker is around 3,51,600 Yuan (USD 54,422). Cities and provinces in China have varying median salaries, making it difficult to generalize. A greater pay is available in China's major cities such as Beijing and Guangzhou as well as Tianjin, Shanghai, and Hangzhou.

In addition to degree and industrial domain, experience level and sector, the average income is influenced by a number of other variables (the public and private sectors).

Average monthly wages in China are 29,300 yuan (Chinese yuan) per month, which equates to USD 4,534 per month in July 2021.

Let's take a closer look at the many facets of China's typical pay now.

the average yearly wage for all workers

It costs an average of $4,813 (USD $4,813) a month to live in China.

As a result, more than half of the population earns less than the median yearly pay. Only half of those polled had incomes below the median. In general, the number of persons earning more than the median income correlates closely with the growth of the country's economy.

the salary range from the highest to the lowest possible

The average monthly wage in China varies from 7,410 Yuan (USD 1,145) to 1,31,000 Yuan (USD 20,245), with 7,410 Yuan being the smallest pay and 1,31,100 Yuan being the most.

3. Annual Salary Growth on Average

Depending on the position, Chinese workers may expect to see an average wage increase of 9% every 15 months.

Annual pay may imply a raise every year, however this isn't always the case. Company-to-company variations exist in the frequency with which salaries are boosted.

4. The Legally Required Minimum Hourly Wage

The local government in China is in charge of setting the minimum wage. When it comes to salaries, cost of living, and labor supply and demand, it all relies on the location.

Because of these factors, the minimum wage in big and little cities varies widely.

The average monthly pay in Shanghai is 2,480 yuan (roughly $2,480). Shanghai's minimum wage is more than twice as high as in provinces like Hunan, Hubei, Liaoning, and Heilongjiang, which have much smaller populations.

In 2019, China's entire work force was 805.7 million people, according to the National Bureau of Statistics. Although China has a population of over one billion people, it manages to produce roughly 13 million urban employment per year.

Because of China's enormous middle-class, it is difficult for the government to oversee state-by-state minimum wage laws.

China is a great place to outsource three industries.

Some of their activities are outsourced to China, which is home to tens of thousands of businesses.

To give you an idea of how many sectors are being outsourced to China, the following is a list:

First and foremost, manufacturing

For the last several decades, global businesses have benefited from China's low-cost manufacturing.

A manufacturing worker in China may expect to earn $5.51 an hour in 2018, according to a wage study conducted in that year. China's labor expenses are lower than those of the United States and Germany, two of the world's most powerful economies.

Because of China's cheap labor rates, low real estate expenses, and excellent supply chain, multinational corporations like Apple and Nike have plants in the country.

2. Software/IT Development/Program

The startup scene in China is thriving, and the country is home to a large number of rapidly expanding IT enterprises. An estimated 4.7 million IT professionals graduate from China's educational system each year.

In China, a software engineer may expect to make between 1,89,000 and 3,57,000 Yuan per year. outsourcing firms have an easier time hiring high-quality software engineers at a cheap cost because to the lower salary.

Service to the client

Outsourcing your customer support activities to China might be useful if you have consumers who speak Mandarin or Cantonese.

Call center agents in China get an average yearly income of USD 31,283. Because of this, businesses with Mandarin-speaking clients may more easily outsource their customer service requirements.