Median Salary The median salary in China is 31,100 Yuan (USD 4,813) per month. That means half of the population draws an average income less than the median salary. In contrast, the other half earns more than the median salary.
What is the average salary in China 2020?
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.
How much do Chinese workers get paid?
As an estimate, the living wage in China range from $400 to $450 per month. Compared to other countries, especially those in the developed ones, this is very low. For example, in Canada, a worker at Tim Hortons can earn around 1000-1500 CAD.
Why is Chinese labor so cheap?
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.
Is China cheap to live?
You can live in most Chinas major cities for far less than $1,000 per month, and with a great lifestyle. However, theres always room for luxury and more spending. It costs around $1,000 or more to rent a nice apartment in the center of Beijing or Shanghai if thats the kind of lifestyle you are seeking.
Does China have cheap labor?
While its true that Chinas labor is cheaper than the US, it is not cheap compared to many countries. In 2016, Chinas typical labor cost was $4.99/hour, while two of its primary competitors Mexico and Vietnam, were $3.82/hour and $2.38/hour respectively.
What country has the cheapest labor?
Here are the 15 countries with cheapest labour having lowest rates of labour-ship.VENEZUELA – $361 PER YEAR.GUINEA-BISSAU – $372 PER YEAR. MALAWI – $412 PER YEAR. LIBERIA – $435 PER YEAR. THE DEMOCRATIC REPUBLIC OF THE CONGO – $472 PER YEAR. TAJIKISTAN – $487 PER YEAR. GHANA – $488 PER YEAR. MADAGASCAR – $490 PER YEAR. More items