Hangzhou is a financial center, a traffic hub for southeast China and one of the wealthiest cities in the mainland. While Hangzhou has a slightly higher cost of living, it remains to be a cheaper alternative to its neighboring cities, namely, Hong Kong, Shanghai and Guangzhou.
What is a good salary in Hangzhou?
The average salary of second-tier city Hangzhou (7,097 yuan) ranks fourth, surpassing that of Guangzhou (6,913 yuan), which is usually classified as a first-tier city.
Why are Chinese salaries so low?
Because of the high volume of materials and resins ordered by Chinese companies, the pricing would be as low as it could be. Labor is abundant and cheap in China because even though 300,000 have risen into the middle class and above, this still leaves one billion people living at the poverty level.
How much money does the average person make in China?
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.
Whats a good salary in China?
The median salaries in the top paying sectors were RMB 25,274 (USD 3,610) per month in 2017, an increase from RMB 24,305 (3,472) in 2016. Id say that you should earn at least RMB 20,000 if you want to live in a 1-Bedroom apartment in the central areas and save some money every month.