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What is a good expat salary in China?
In China, like in other Asian nations like Vietnam and Indonesia, the minimum wage varies by city. A monthly or hourly rate of pay may also be used to determine a salary. Around RMB 24,000 ($3,700) per month is a fair pay for an expat in China. The amount of money you make is also influenced by where you live, since various regions have varying wage scales. The cities of China are divided into two categories: Tier 1 and Tier 2.
In China, Tier 1 cities include Beijing, Guangzhou, Shanghai, and Shenzhen, to name a few. In order to make a sizable wage as an expat, you must work in one of these four fields. It's possible, though, that the high cost of living in these four locations will raise some of your other expenses.
As a result, Tier 2 Cities typically encompass 10 cities, all of which are the provincial capitals. Compared to Tier 1, Tier 2 Cities' rental, living, and travel expenditures are less expensive than Tier 1 Cities.
In addition, the kind of employment and position held by an expat in China has an impact on their compensation.
Wages based on the number of hours worked or on a per-hour basis might be lower or greater, depending on the context. Bonuses and complimentary lunches are not included in the base pay.
Expats in China are looking for work in the following areas:
Managers in the banking and financial services industries, such as risk and compliance officers and CEOs in the consumer goods industry, as well as finance and accounting directors;
These include marketing and sales (e.g. media planners and operations managers), engineering (such as team leaders and construction engineers) as well as legal (internal corporate practice and private managers).
The human resources field includes managers, consultants and workers in the human resources field.
Teaching English as a second language (ESL) courses, such as corporate English, financial English, and others;
Strategic marketing managers and sales managers, for example, work in the advertising and media industries, as do those in manufacturing and the health sciences (creative directors, publications, etc.).
Project managers, programmers, web developers, application developers, and others work in information technology.
When someone has a certain amount of money, in China, they are termed wealthy.
China's decades of economic growth have resulted in a dramatic rise in the country's income. Since 2000, China's per capita GNI has increased tenfold, reaching $10,410 in 2019.
An official study conducted by the Chinese government found that the average annual family income in China is between RMB 25,000 and RMB 250,000.
According to China's National Bureau of Statistics, those earning between RMB 2,000 and RMB 5,000 per month are considered middle-income Chinese for the first time.
High-income individuals in China are defined as those with a monthly salary of at least RMB 10,000.
Middle- and high-income groups in China may be classified differently based on the region's development and cost of life. The average income in Shanghai, for example, is much lower than that seen in Beijing or other areas of the country.