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Complete Guide to Salaries in China 2024

Our 2024 Complete Guide to Salaries in China

Beau Parrish / 2024-08-21

And so we’re in the thick of 2024, and boy has it been another interesting one in China! As it comes out of a long COVID winter, China’s business leaders are ‘cautiously optimistic’ about the economy’s near-future growth. We’re thinking it’s a great time to compile the information we’ve amassed on salaries in China throughout 2023 & 2024! Hiring in China? We can help. Post open roles across China’s top job sites, classifieds, and networking platforms — lower hiring costs by over 80%. Edit Template 1) Average Salary in China, Country-wide In Q2 2023, the average salary across 38 Chinese cities was ¥10,266 RMB ($1,430 USD) per month. In Q2 2023, the average recruitment salary of enterprises in 38 Chinese cities was ¥10,266 RMB ($1,430 USD) per month. This average is up 1.6% since Q1 2023, but still down around 0.7% compared to the same time period last year Q2 2022. Breaking it down a bit further: The 25th percentile of recruitment salaries is ¥6,001 RMB ($836 USD)/month, The median is ¥8,001 RMB ($1,115 USD)/month, The 75th percentile is ¥12,001 RMB ($1,672 USD)/month. Related: Average Salary in China: Local Data 2023+2024 2) Average Salary in China by City Shanghai takes the #1 spot in 2023 with an average monthly salary of ¥13,486 RMB ($1,879 USD). Zhaopin monitored 38 core cities across China. Shanghai has held the top spot on this list for quite some time, and comes in at the #1 spot again with an average monthly salary of ¥13,486 RMB ($1,879 USD)/month. Beijing followed with an average monthly salary of ¥13,438 RMB ($1,872 USD)/month. Shenzhen ranked third with an average monthly salary of ¥12,774 RMB ($1,780 USD)/month. Hangzhou, Nanjing, Suzhou, Guangzhou, and Ningbo round out the top 8. We also have median salary data here and can see the median salary of the top 3 cities – Shanghai, Beijing, and Shenzhen – exceeded ¥10,000 RMB ($1,393 USD)/month. It’s also interesting to note that there is a 59% difference in the median salary between the first (Shanghai) and last (Harbin) cities on this list. Related: Top 10 Highest Paying Cities in China (2024) 3) Fastest Growing Wages in China by City Out of 38 Chinese cities, Wuxi ranked first with salary increasing by 6.1% year-on-year. Here we have the year-on-year salary growth rankings of the 38 Chinese cities. Wuxi ranked first, with salary increasing by 6.1% year-on-year. Lanzhou and Xiamen rounded out the top 3. Suzhou and Ningbo had year-on-year growth rates of 2.1% and 1.6%, respectively, ranking fourth and ninth. The salary of the Intelligent Manufacturing industry led to the rise in some key cities of the Yangtze River Delta. The monthly salary of enterprises in the electronic technology/semiconductor/integrated circuit industries in Wuxi, Suzhou, and Ningbo increased by 8.6%, 5.8% and 10.7% respectively compared with the same period last year. The instrumentation and industrial automation industries increased by 7.1%, 6.9%, and 15.3% respectively. This points to strong development in the regional Intelligent Manufacturing industry. In addition, cities such as Lanzhou, Xiamen, Kunming, Changchun, and Shijiazhuang also experienced relatively obvious growth rates in this quarter, mainly driven by the recovery of the consumer industry. The average recruitment salary in the fast-moving consumer goods industry increased by 18.3%, 5.8%, 17.7%, 8.8%, and 14.2% respectively compared with the same period last year. Related: How a Plastics Manufacturer Hired an Accountant in China How a Mining Equipment Manufacturer Hired an HR Manager in China How a Leading Apparel Manufacturer Successfully Hired an Apparel Developer in China 4) Highest Paying Job Sectors in China, Country-wide Coming in at #1 is the Securities & Investments Industry, with an average salary reaching ¥13,737 RMB ($1,912 USD)/month in 2023. Coming in at #1 is the fund/securities/futures/investment industry, with an average salary reaching ¥13,737 RMB ($1,912 USD)/month in Q2 2023. The average salary level of other financial industries such as banking at ¥11,841 RMB ($1,648 USD)/month and insurance at ¥11,269 RMB ($1,568 USD)/month also ranked high. As expected, technology-related industries also fared well here. The electronic technology/semiconductor/integrated circuit industry ranked second, with an average recruitment salary of ¥12,175 RMB ($1,694 USD)/month. Also in the top ten are computer software, IT services, and computer hardware. In the Internet & e-commerce industry, the average recruitment salary was ¥10,705 RMB ($1,490 USD)/month. This is a year-on-year decrease of 4% and drops the sector’s ranking out of the top 10, to 16th. Another insight to pull out of this is from two of the top industries: energy/minerals/mining and aviation/aerospace. The average salary of these industries ranks high, but the median salary ranks relatively low – showing that a small number of high-paying jobs drive the overall average salary of the industries. Related: Financial Analysts in China: Salary Data and Hiring Guide Average Salary at China’s ‘Big 3’ Tech Firms: Tencent, Alibaba, & Baidu 5) Fastest Growing Wages in China by Industry The average salary in the Semiconductor Industry led the rise in 2023, with a year-on-year increase of 5.9%. The average salary in the electronic technology/semiconductor/integrated circuit industry has continued to rise, with a year-on-year increase of 5.9%. Against the backdrop of an aging population, China’s residents’ demand for medical and medical services is increasing. This demand has led the way for supportive national policies and increased investment in research and development. Recruitment salaries in industries such as industrial automation, high-tech manufacturing, and new energy continued to rise, with a year-on-year growth rate of more than 3% in the second quarter. Related: Tech Salaries in China: What Top Companies are Paying Talent Mechanical Engineers in China: Salary Data and Hiring Guide Hardware Engineers in China: Salary Data and Hiring Guide 6) Highest Paying Jobs in China, Country-wide Chip Engineers top the list, earning an average monthly salary of ¥26,000 RMB ($3,617 USD)/month. Chip Engineers continue to be the highest-paying occupation, earning an average of ¥26,000 RMB ($3,617 USD)/month. Next up are Senior Managers and Artificial Intelligence Engineers – earning an average of ¥22,739 RMB ($3,164 USD)/month and ¥21,701 RMB ($3,019 USD)/month respectively. Rounding out

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Overtime in China: How Much Workers Are Actually Doing

Beau Parrish / 2024-05-16

One of China’s biggest job portals, Liepin (猎聘), recently released a report on ‘Talent Flow and Salary Trend Report for the First Half of 2023’. For reference, the original Chinese name of the report is ‘2023上半年人才流动与薪酬趋势报告’. One interesting section of the report revolves around overtime in China. While many in China have heard of or worked a grinding 9-9-6 schedule, Liepin’s report aimed to shed some light on actual overtime that surveyed workers are doing in 2023. For convenience, I’ve translated the original data into English and posted both the original and English versions here. Let’s take a look and learn a thing or two about OT in China! Nearly 43% Of Chinese Employees Work Overtime Regularly Around 1-2 Hours of Overtime Seems Standard 42.9% of respondents said that they work OT on a regular basis. If we break it down into how much overtime worked, the leading answer by a long shot is 1-2 hours per day. A relatively small amount of respondents who said they DO work overtime work less than 1 hour per day or more than 3 hours of OT per day (12.9% and 10.6% respectively). Workers in Top Tier Chinese Cities Do more Overtime About 10% more workers in first and second-tier cities in China work overtime, compared to smaller third and fourth-tier cities. Not a huge surprise here – big cities tend to be more competitive. Higher-Paid Professionals Work More Overtime About 20% fewer workers making under ¥10,000 RMB ($1,364 USD) have to work regular overtime than their higher-paid counterparts that between ¥10,000-20,000 RMB ($1,364-2,728 USD). Interestingly this trend ends at the top, with the least amount of workers in the highest earning category (¥20,000+ RMB / $2,728+ USD) putting in overtime. Higher earners may be able to explain this because they are often: more experienced, able to get the job done faster/more efficiently, and/or are at a management level that doesn’t require the amount of time-consuming tasks and individual output. Workers Cite the Current Job Market, Financial & Family Pressures for Doing So Liepin went as far as to ask why respondents work overtime! 62% of respondents cited the current economy and job market. It’s (perceived to be) difficult to land a better job out there now. 51.4% cited financial pressures — buying a house, car, and handling expenses. 48.6% cited parental pressures — the value of giving children a great education is very high in China. Other popular reasons for continuing to work overtime were: great benefits, a belief that overtime is ubiquitous in their industry, and the rising cost of living. A couple of interesting ‘outliers’ are: 23.5% of OT workers stick with it because they like their company or the company brand. 17.3% of OT workers stick with it because they like their job and mission, how about that! Hiring in China? We can help, and stay within your budget! We’ve been recruiting in China since 2014! Our China Recruiter Pro service helps companies utilize leading Chinese platforms just like Liepin. Contact Us for a free consultation to discuss hiring goals, salary & compensation budgets in China, and if TeamedUp China is the right fit to support your organization. Book A Call Get in Touch Let’s find your next great China-based team member today.

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Top 10 Highest Paying Cities in China (2024)

Beau Parrish / 2024-08-21

One of China’s biggest job portals, Zhilian Zhaopin, regularly releases their data on average monthly salaries in China. It’s important to note that the data reflects recruited salaries – the publicly listed salary information that companies advertise on the Zhaopin platform. The data we’re working with today is from 2023 (infographic) and 2024 (top 38 cities). Let’s dive into these highest paying cities in China! Hiring in China? We can help. Post open roles across China’s top job sites, classifieds, and networking platforms — lower hiring costs by over 80%. Edit Template China’s Highest Paying Cities Two River Deltas of Central and South East China dominate top salary levels China is a BIG country by most measurements, certainly including landmass and population. While there are plenty of regions doing well in China, two river delta regions on the East Coast stand out here. The first is the Yangtze River Delta (YRD) area in the Central Eastern part of the country. With bustling hubs like Shanghai, Hangzhou, Nanjing, Suzhou, and Ningbo, the YRD may be the largest concentration of adjacent metropolitan areas in the world. Next up is the Pearl River Delta to the south. This electric economic zone not only contains Shenzhen, Guangzhou, Zhuhai, and Xiamen… but also includes Hong Kong and Macau. The full region is also referred to as the Guangdong–Hong Kong–Macao Greater Bay Area and has historically been at the forefront of economic development and technological innovation for China. Top 10 Chinese Cities by Average Salary in 2023 1) Shanghai 上海: ¥13,486 RMB ($1,879 USD) 2) Beijing 北京: ¥13,438 RMB ($1,872 USD) 3) Shenzhen 深圳: ¥12,774 RMB ($1,780 USD) 4) Hangzhou 杭州: ¥11,796 RMB ($1,608 USD) 5) Nanjing 南京: ¥11,061 RMB ($1,508 USD) 6) Suzhou 苏州: ¥10,933 RMB ($1,491 USD) 7) Guangzhou 广州: ¥10,883 RMB ($1,484 USD) 8) Ningbo 宁波: ¥10,704 RMB ($1,459 USD) 9) Zhuhai 珠海: ¥10,425 RMB ($1,421 USD) 10) Xiamen 厦门: ¥10,403 RMB ($1,418 USD) Top 38 Chinese Cities by Average Salary in 2024 Here’s the full Q2 2024 list from Zhaopin in translated English and original Chinese. After getting out of the top 10, we can see more cities from other regions listed. The Central (Wuhan, Hefei, Changsha, Chongqing) and Northeast (Jinan, Qingdao, Tianjin, Dalian, Shijiazhuang, Changchun) regions stand out here. Top-Tier City Salaries Shanghai, Beijing, and Shenzhen emerged again as the top three cities for recruitment salaries. These metropolises boasted average monthly salaries of approximately 13,000 yuan, with median salaries exceeding 10,000 yuan. Hangzhou secured the fourth position, offering an average monthly salary of 11,909 yuan and a median of 9,904 yuan. As is to be expected, the overall order of cities did not change much from 2023, but the average city salary levels did increase a bit pretty much across the board. High-Tier City Salaries The next group of cities, including Nanjing, Guangzhou, Suzhou, Ningbo, Zhuhai, and Xiamen, all demonstrated competitive salary ranges. These locations reported average monthly salaries between 10,000 and 11,000 yuan, with median salaries ranging from 8,500 to 9,000 yuan. Regional Salary Patterns Higher salary levels further concentrate in these economically significant regions: Yangtze River Delta: Cities like Wuxi and Hefei maintained relatively high compensation levels. Pearl River Delta: Dongguan and Foshan showed strong salary performances. Central and Western Regions: Wuhan, Changsha, and Chengdu exhibited comparatively robust salary structures. Check out some of our related resources on salaries in China: Tech Salaries in China: What Top Companies are Paying Talent Average Salary Ranges for New University Graduates in China A Guide To The 13th Month Salary Bonus In China Average Software Engineer Salary in China: 14 Sources Compared Highest Paying Jobs in China – Local Data 2023 Average Salary in China: Local Data 2023+2024 Hiring in China? We can help, and likely lower your hiring costs by over 80% We’ve been recruiting in China since 2014! Our China Candidate Sourcing Service helps companies post & promote open roles across top Chinese jobs & networking platforms. Let’s find your next great China-based team member together. Book A Call Post a Job Contact us to discuss hiring goals, salary & compensation budgets, and if TeamedUp China is the right fit to support your organization. New here? Get 26% off your first job post with us. Edit Template

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Average Software Engineer Salary in China: 14 Sources Compared

Beau Parrish / 2024-08-22

We looked at data from 14 leading sources, both local and international, to compare and find out what a reasonable salary range is for a software engineer in one of China’s first-tier cities. According to data from 14 leading sources: In 2023, the average salary for a software engineer in China was ¥406,549 RMB ($55,938 USD) per year. The median salary was ¥388,000 RMB ($53,386 USD) per year. Hiring in China? We can help. Post open roles across China’s top job sites, classifieds, and networking platforms — lower hiring costs by over 80%. Edit Template Infographic: Average Software Engineer Salary in China Red Shades = Local HR Companies Blue = International HR Companies Green = Data Aggregators It’s further interesting to note the big difference in averages once we break down the source type: Local HR companies average salary: ¥206,346 RMB ($28,392 USD) per year. International HR companies average salary: ¥487,500 RMB ($67,076 USD) per year. Data Aggregators average salary: ¥344,750 RMB ($47,435 USD) per year. Observations When we started recruiting for companies in China years ago, we noticed a huge range in recommended and listed salaries for similar roles. This is a first step to quantifying these big, perplexing differences and attempting to make sense of them. Local data sources reflected the lowest average salary for software engineers, as well as most other positions. Data aggregators, as expected, were mostly situated in the middle of the pack. The exception here is Payscale, reflecting salary figures closer to the local China providers. International data providers have the biggest range among them and are skewed a lot higher than other source types. Why such a Big Difference in Listed Salaries? Of the 14 sources listed, the lowest average software engineer salary listed is RMB ¥203,000 per year (USD $28,000), and the highest at RMB ¥650,000 per year (USD $89,000) – that’s a range of RMB ¥447,000 per year (USD $61,000). Different Target Audiences Simply put, each company listed put out its data for different reasons and different eyeballs. For example, the international firms releasing this type of information tend to have headhunting and/or executive search arms, and thus target their potential and existing client pool at multinational companies. Different Data Points While some of the salary listings are more generalized than others, all are based on some sort of data collected. The local sources, Zhilian Zhaopin & Liepin, are pulling from their own sets of data – which happen to be from hundreds of thousands of job listings across their platforms. It’s important to note that their data reflects recruited salaries, or the publicly listed salary information that companies advertise on the platforms, and not the final salary actually received on contract. Actual salaries received may be higher as 1) candidates negotiate, and 2) employers often have internal thresholds and benefits that they can offer above the advertised package. International sources are also likely to be pulling on some of their own data and experience. They are more likely to have higher requirements from clients for things like language (bilingual+ candidates only) and international working experience or education. Furthermore, a large portion of the data that these foreign HR firms have likely comes from larger multinationals (MNCs), which generally pay higher than local Chinese employers. In order to attract great talent in China, foreign companies (and any companies for that matter) are wise to budget a compensation package that is above the industry average. Related Resources: Tech Salaries in China: What Top Companies are Paying Talent How an Info Services Firm Hired a Java Developer in China Python Developers in China: Salary Data and Hiring Guide How Modern Chinese Workers Look for a Job in 2024 Average Salary Ranges for New University Graduates in China Average Salary in China: Local Data 2023+2024 Hiring in China? We can help, and likely lower your hiring costs by over 80% We’ve been recruiting in China since 2014! Our China Candidate Sourcing Service helps companies post & promote open roles across top Chinese jobs & networking platforms. Let’s find your next great China-based team member together. Book A Call Post a Job Contact us to discuss hiring goals, salary & compensation budgets, and if TeamedUp China is the right fit to support your organization. New here? Get 26% off your first job post with us. Edit Template References & Further Reading: Zhilian Zhaopin: https://zhuanlan.zhihu.com/p/624693425 Liepin: https://www.thepaper.cn/newsDetail_forward_23851263 Payscale: https://www.payscale.com/research/CN/Job=Software_Engineer/Salary/9d44f18e/Shanghai Persol Kelly: https://www.persolkelly.com/salary-guides/ Michael Page: https://www.michaelpage.com.cn/en/salary-report/2023/thank-you-client Glassdoor: https://www.glassdoor.com/Salaries/china-software-engineer-salary-SRCH_IL.0,5_IN48_KO6,23.htm Salary Expert: https://www.salaryexpert.com/salary/job/software-developer/china Economic Research Institute: https://www.erieri.com/salary/job/computer-software-engineer/china JSC Group: https://appcdn.jingsocial.com/upload/material/1679392572/2023%20Hays%20Asia%20Salay%20Guide_CN_EN.pdf Morgan McKinley: https://email-assets.morganmckinley.com/salary-guide/2023/pdfs/china-en-salary-guide-2023.pdf Hays Group: https://appcdn.jingsocial.com/upload/material/1679392572/2023%20Hays%20Asia%20Salay%20Guide_CN_EN.pdf Robert Half: https://www.roberthalf.cn/en/salary-guide/home Robert Walters: https://engage.robertwalters.com/team-salary-benchmark-tool-2023/ Gemini Global: https://gemini-global.com/salary_guides/63ef5c35d4d14China%20Salary%20Guide%20Q1_2023_Final.pdf

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What are the 5 Social Funds Employers Must Pay into in China?

Justin Tiessen / 2024-05-16

What You Will Learn The 5 types of social insurance required in China: Pension Fund Medical Insurance Unemployment Insurance Maternity Fund Work-related Injury Insurance The 1 type of social insurance that is conditional in China: Housing Fund China Social Insurance Reference Chart: Hiring in China? We can help, and stay within your budget! We’ve been recruiting in China since 2014! Our China Recruiter Pro service helps companies utilize leading local Chinese hiring platforms and social media. Contact us for a free consultation to discuss hiring goals, salary & compensation budgets in China, and if TeamedUp China is the right fit to support your organization. Book A Call Get in Touch Let’s find your next great China-based team member today.

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As an Employer in China, Should You Be Offering Employees a 13th Month of Salary?

Justin Tiessen / 2024-05-16

What You Will Learn Advantages and disadvantages of offering a “13th month” salary bonus in China, including: The effect a bonus can have on attracting top talent. Setting your organization’s positions apart from the crowd. Improving employee morale. Showcasing understanding of cultural sensitivities & norms. Performance-based vs guaranteed bonuses. Adherence to local employment regulations. Check out our companion article on this topic: A Guide To The 13th Month Salary Bonus In China More from our series on salaries in China: Our 2023 Complete Guide to Salaries in China Average Software Engineer Salary in China: 14 Sources Compared Average Salary in China – Local Data Q2 2023 Highest Paying Jobs in China – Local Data 2023 Highest Paying Job Sectors in China – Local Data 2023 Highest Paying Pharmaceutical Jobs In China (2023) Hiring in China? We can help, and stay within your budget! We’ve been recruiting in China since 2014! Hiring in China? We can help, and stay within your budget! Our China Recruiter Pro service helps companies utilize leading local Chinese hiring platforms and social media. Contact us for a free consultation to discuss hiring goals, salary & compensation budgets in China, and if TeamedUp China is the right fit to support your organization. Book A Call Get in Touch Let’s find your next great China-based team member today.

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What Does a Software Engineer Earn in a 1st, 2nd, & 3rd Tier City in China?

Justin Tiessen / 2024-05-16

What You Will Learn What a software engineer earns in different types of Chinese cities, including: First-tier cities like Shanghai, Beijing, Shenzhen, and Guangzhou. Second-tier cities like Nanjing, Hangzhou, & Tianjin. Third-tier cities like Changsha, Xiamen, & Foshan. The importance of considering locations in China when putting salary packages together. More from our series on salaries in China: Average Salary in China – Local Data Q2 2023 Highest Paying Jobs in China – Local Data 2023 Highest Paying Job Sectors in China – Local Data 2023 Highest Paying Pharmaceutical Jobs In China (2023) Hiring in China? We can help, and stay within your budget! We’ve been recruiting in China since 2014! Our China Recruiter Pro service helps companies utilize leading local Chinese hiring platforms and social media. Contact us for a free consultation to discuss hiring goals, salary & compensation budgets in China, and if TeamedUp China is the right fit to support your organization. Book A Call Get in Touch Let’s find your next great China-based team member today.

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Highest Paying Pharmaceutical Jobs in China (2023)

Beau Parrish / 2024-05-16

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Highest Paying Jobs in China – Local Data 2023

Beau Parrish / 2024-05-16

Zhilian Zhaopin, one of China’s biggest job portals, has recently released data on average monthly salaries in China. It’s important to note that the data reflects recruited salaries or the publicly listed salary information that companies advertise on the Zhaopin platform. For this entry, we’re going to dive into the highest-paying jobs in China. Let’s go! Highest Paying Jobs in China, Country-wide Chip Engineers top the list, earning an average monthly salary of ¥26,000 RMB ($3,617 USD)/month. Chip Engineers continue to be the highest-paying occupation, earning an average of ¥26,000 RMB ($3,617 USD)/month. Next up are Senior Managers and Artificial Intelligence Engineers – earning an average of ¥22,739 RMB ($3,164 USD)/month and ¥21,701 RMB ($3,019 USD)/month respectively. Rounding out the top 10 are: 4) Investment/Finance Managers – ¥16,899 RMB ($2,351 USD)/month 5) Software Developers – ¥16,891 RMB ($2,351 USD)/month 6) Communications & Hardware R&D Professionals – ¥16,507 RMB ($2,230 USD)/month 7) Mobile R&D Professionals – ¥15,646 RMB ($2,177 USD)/month 8) Automotive Electronics Engineers – ¥15,437 RMB ($2,147 USD)/month 9) Securities Brokers – ¥14,498 RMB ($2,017 USD)/month 10) Data Engineers – ¥14,318 RMB ($1,992 USD)/month Other takeaways: Many technical positions such as software R&D, hardware R&D, mobile R&D, and data engineers have seen their salaries drop compared with last year, but they are still high-paying occupations. Since the pandemic restrictions have been lifted, the public’s reliance on online consumption and entertainment has decreased. Thus, the demand and salary of related positions have notably declined. Fastest Growing Salaries in China by Position The wages of Service Consumption positions such as tourism, catering, fitness, and beauty rose significantly compared with the same period last year The above graph displays the year-on-year growth rate of salaries by job type. The biggest trend here is the retail service sector demand growing as pandemic policies and environment have simmered over the past year. From the top, the fastest-growing salaries in China by occupation type: Travel Services Sports & Fitness Business Consulting Banking & Financial Services Food & Catering Services Health & Beauty Doctor & Pharmacist Housekeeping & Maintenance Retail Clerk/Assistant The overall recruitment salary of Travel Service positions increased by 8.6% compared with the same period last year. Smaller divisions of Travel Services such as travel planning, tour guides, and visa specialists have increased by more than 10% year-on-year. Other high-growth salaries in the consumer service sector include food service jobs (the recruitment salaries of chefs, bartenders, bakers, and other food service positions have increased significantly), sports & fitness jobs, health & beauty jobs, and retail associate jobs. More from this series on salaries in China: Average Salary in China – Local Data Q2 2023 Highest Paying Job Sectors in China – Local Data 2023 Highest Paying Pharmaceutical Jobs in China (2023) Hiring in China? We can help, and stay within your budget! We’ve been recruiting in China since 2014! Our China Recruiter Pro service helps companies utilize leading Chinese platforms just like Zhilian Zhaopin. Contact us for a free consultation to discuss hiring goals, salary & compensation budgets in China, and if TeamedUp China is the right fit to support your organization. Book A Call Get in Touch Let’s find your next great China-based team member today.

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Highest Paying Job Sectors in China – Local Data 2023

Beau Parrish / 2024-05-16

Zhilian Zhaopin, one of China’s biggest job portals, has recently released data on average monthly salaries in China. It’s important to note that the data reflects recruited salaries, or the publicly listed salary information that companies advertise on the Zhaopin platform. This article breaks down the highest-paying industries in China as well as the fastest-growing wages in China by sector. Let’s dive in! Highest Paying Sectors in China, Country-wide Salary ranking for Internet industry drops; Large Salary Gap in Energy & Aerospace Industries Coming in at #1 is the fund/securities/futures/investment industry, with an average salary reaching ¥13,737 RMB ($1,912 USD)/month in Q2 2023. The average salary level of other financial industries such as banking at ¥11,841 RMB ($1,648 USD)/month and insurance at ¥11,269 RMB ($1,568 USD)/month also ranked high. As expected, technology-related industries also fared well here. The electronic technology/semiconductor/integrated circuit industry ranked second, with an average recruitment salary of ¥12,175 RMB ($1,694 USD)/month. Also in the top ten are computer software, IT services, and computer hardware. In the Internet & e-commerce industry, the average recruitment salary was ¥10,705 RMB ($1,490 USD)/month. This is a year-on-year decrease of 4% and drops the sector’s ranking out of the top 10, to 16th. Another insight to pull out of this is from two of the top industries: energy/minerals/mining and aviation/aerospace. The average salary of these industries ranks high, but the median salary ranks relatively low – showing that a small number of high-paying jobs drive the overall average salary of the industries. Fastest Growing Wages in China by Industry Biopharmaceutical companies increase investment in research and development, leading to a year-on-year increase of over 5% The average salary in the electronic technology/semiconductor/integrated circuit industry has continued to rise, with a year-on-year increase of 5.9%. Against the backdrop of an aging population, China’s residents’ demand for medical and medical services is increasing. This demand has led the way for supportive national policies and increased investment in research and development. Recruitment salaries in industries such as industrial automation, high-tech manufacturing, and new energy continued to rise, with a year-on-year growth rate of more than 3% in the second quarter. More from this series on salaries in China: Average Salary in China – Local Data Q2 2023 Highest Paying Jobs in China – Local Data 2023 Highest Paying Pharmaceutical Jobs in China (2023) Hiring in China? We can help, and stay within your budget! We’ve been recruiting in China since 2014! Our China Recruiter Pro service helps companies utilize leading Chinese platforms just like Zhilian Zhaopin. Contact us for a free consultation to discuss hiring goals, salary & compensation budgets in China, and if TeamedUp China is the right fit to support your organization. Book A Call Get in Touch Let’s find your next great China-based team member today.

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