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25% of Expats in China Make Over US$300,000 a Year

Posted: 10/24/2014 7:36 pm

bund shanghaiExpats living in China may have a thing or two to complain about, but they have certainly picked a lucrative country to work in.

While China is the third-most popular expat destination following Singapore and Switzerland according to a study by HSBC, expats in China earn more here than anywhere else in the world, reports CNN.

The HSBC study says a quarter of expats living in China make an annual salary of over US $300,000 a year. China is described as a place where expats can enjoy better job prospects, pay packages, and lower living costs.

“China is the best place for expats looking to make their money go further, with 76 percent of expats in the country experiencing growth in their spending power once they’ve moved,” the report said

In contrast, a Barclays study showed 47 percent of wealthy Chinese respondents said they planned to move abroad within the next five years.

Photo: Travel Baidu



Scenery Is Nice, But Salaries Are Low In The Pearl River Delta

Posted: 06/12/2014 5:22 pm

chinese workers assembly lineIt’s beautiful in the south of China, so much so that some residents may have chosen to stay here for the scenery alone. That’s good for them, but those coming here for work might be in for a hard time.

A study by the Financial Times has ranked the per capita pay of listed companies throughout China, and the results don’t look good for Guangdong Province.

Haikou, Hainan (a beautiful place, mind you) has been crowned as the city with the lowest average salary at RMB 53,000 a year. Here’s the entire list starting with the lowest (Guangdong cities in bold):

1. Haikou, Hainan
2. Lanzhou, Gansu
3. Shantou, Guangdong
4. Zhuji, Shaoxing, Zhejiang
5. Nanchang, Jiangxi
6. Huzhou, Zhejiang
7. Zhongshan, Guangdong
8. Zibo, Shandong
9. Harbin, Heilongjiang
10. Jiangyin, Wuxi, Jiangsu

RELATED: Guangdong Hukou Reform to Populate Rural Cities with Migrants

A pattern focusing on cities of the Yangtze and Pearl River Delta becomes more clear when the list is opened up to the top twenty ranked cities with the lowest average salary:

11. Wuhu, Anhui
12. Zhangjiagang, Jiangsu
13. Weifang, Shandong
14. Foshan, Guangdong
15. Nantong, Jiangsu
16. Dongguan, Guangdong
17. Changzhou, Jiangsu
18. Chengdu, Sichuan
19. Zhuhai, Guangdong
20. Guiyang, Guizhou

Pearl River Delta cities make an appearance on this list a total of four times: Zhongshan, Foshan, Dongguan, and Zhuhai. Together with Shatou, there are more cities from Guangdong on this list than from any other province in China.

To confirm the disparity of wealth in the PRD, another recent list ranks the cities in China in which people are most likely to spend money.

At the beginning of 2014, Ctrip compiled data from over 90 million registered users in order to find the most popular travel destinations during Spring Festival. The top two cities are (unsurprisingly) Beijing and Shanghai, but the Pearl River Delta is represented very well at positions three and four by Guangzhou and Shenzhen, respectively.

In related developments regarding second-tier cities with crappy salaries, hukou restrictions on migrant workers have been relaxed in Guangdong as a way to entice them to stay in the province.

Besides hukou reform, the beautiful sub-tropical climate and beautiful scenery will also continue to draw people.



Photo: China Review News


Shenzhen’s minimum salary to increase to 1808 yuan

Posted: 12/27/2013 5:03 pm

Shenzhen mayor Xu Qin announced this week that the minimum salary in the city will increase by 13% to 1808 yuan as of February 1. The minimum hourly wage will increase by 13.8% to 16.5 yuan, Shenzhen Special Zone Daily reports.

Local governments in China are required to raise their minimum wage levels at least once every two years. The last increase in the minimum salary was made in March this year when it was raised by 100 yuan to 1600 yuan a month.

Shenzhen has long had the highest minimum wage in China. Last year Wired published an op-ed arguing that the latest increase “could cause a ripple effect across the world’s major technology companies.”

Apple, HP, Samsung and Nokia are among the companies that have parts and products manufactured in Shenzhen, so the wage rise could impact the cost of computers, handsets and games consoles worldwide. Original equipment manufacturers such as Foxconn might start looking elsewhere for cheaper bases. But even though manufacturing costs are rising across China, the country is still highly attractive to manufacturers due to its infrastructure.

The announcement was made at the 101st executive meeting of the municipal government, a meeting at which the development of e-commerce was heavily emphasised.

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