In 2019, an employee in the urban regions of the Chinese Hebei province earned around 72,956 yuan per annum on average. The national average reached about 90,501 yuan in 2019. Aside from regional discrepancies, the respective industry had a large influence on the average annual salary of employees in urban China.
What is the average wage of China?
The average salary in China ranges from 7,410 Yuan per month (USD 1,145) to 1,31,000 Yuan (USD 20,245) per month — with 7,410 Yuan being the minimum salary and 1,31,100 Yuan being the maximum salary.
What is the hourly wage in China?
In 2020, the highest minimum hourly wages in China were to be found in Beijing, Shanghai, and Tianjin municipalities with 24, 22, and 20.8 yuan respectively, whereas employees in Qinghai and Yunnan provinces who received a minimum wage were paid the least – between 13 and 15.2 yuan per hour.
Do Chinese workers get paid well?
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.
What percentage of Chinese are wealthy?
This statistic illustrates the distribution of adult population in China in 2020 by wealth range group. That year, approximately 12.5 percent of adults in China had wealth of 100,000 to one million U.S. dollars.
How much is rent in China?
A Breakdown of the Average Cost of Living in China:ExpensesCost (USD)Estimated Monthly Cost (USD)Rent$200 ~ $700$200 ~ $700Food$2~$5 per meal$100 ~ $150Transportation$,0.3~$0.5 each way (bus)$30 ~ $50UtilitiesElectricity, water, gas, telephone, wi-fi$50 ~ $1001 more row
Why is Chinese labor so cheap?
Cheaper prices are due to a complex, national strategy of China to become the preeminent superpower of the 21st century. Because labor is only one part of the total cost of a product, and in many cases its as low as 20% of the total cost.
Is it cheaper to live in China than us?
If a city has a an index of 120, it means Numbeo estimates it is 20% more expensive than New York (excluding rent). Restaurant prices > McDonalds meal: Combo Meal at McDonalds or Similar....Definitions.STATChinaUnited StatesReal estate prices > Rent index24.34 Ranked 56th.37.45 Ranked 30th. 54% more than China41 more rows
Who is more rich China or USA?
According to estimates by World Bank, Chinas gdp was approx 11% of the US in 1960, but in 2019 it is 67%. The Per capita income of the United States is 5.78 and 3.61 times higher than that of China in nominal and PPP terms, respectively. The US is the 5th richest country in the world, whereas China comes at 63rd rank.
Is it safe to go to China?
Safety in public places For the most part, China is a safe place to visit, and crowds in public places should not cause any worry. Of course, small risks are still present, including petty theft and pickpocketing in tourist areas, as well as at train stations and on sleeper buses and trains.
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.
How much cheaper is Chinese 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.