China Wages 2023 | Minimum & Average | Take-profit.org (2024)

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China Wages Data

Indicator Data Period
Minimum Wages 2590 CNY/Month | 354.795 USD/Month 2023
Wages 114029 CNY/Year | 1301.701 USD/Month 2022
Wages in Manufacturing 97528 CNY/Year | 1113.333 USD/Month 2022
  • Minimum
  • Av. Wages
  • Manufacturing

Latest data on Minimum Wages (CNY/Month)

  • Chart
  • Historical Chart

China Wages 2023 | Minimum & Average | Take-profit.org (1)

What is minimum wage in China?

  • Minimum Wages in China remained unchanged at 2590 CNY/Month (354.795 USD/Month) in 2023. The maximum rate of minimum wage for employees was 2480 CNY/Month and minimum was 690 CNY/Month.
  • Data published Yearly by Ministry of Human Resources and Social Security.

Historical Data (CNY/Month) by years

Data

Period

Date

2590 2023 10.01.2023
2590 2022 01.04.2022
2480 2021 15.04.2021
2480 2020 07.10.2020
2480 2020 26.05.2020
2480 2019 02.04.2019
2420 2018 28.03.2018
2300 2017 11.08.2017

Historical Chart by presidents (CNY/Month)

  • Xi Jinping

China Wages 2023 | Minimum & Average | Take-profit.org (2)

Minimum Wages in China by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Xi Jinping 14.03.2013 - 2300.0000 2420.0000 2420.0000 2300.0000 5.22%

Latest data on Wages (CNY/Year)

  • Chart
  • Historical Chart

China Wages 2023 | Minimum & Average | Take-profit.org (3)

What is average wage in China?

  • Average Wages in China increased to 114029 CNY/Year (1301.701 USD/Month) in 2022. The maximum rate of average wage for employees was 93383 CNY/Year and minimum was 445 CNY/Year.
  • Data published Yearly by Ministry of Human Resources and Social Security.

Historical Data (CNY/Year) by years

Data

Period

Date

114029 2022 16.06.2023
106837 2021 04.06.2022
97379 2020 21.07.2021
93383 2019 18.05.2020
82461 2018 25.05.2019
74318 2017 19.06.2018
67569 2016 11.08.2017
1459 2087 31.12.1987

Historical Chart by presidents (CNY/Year)

  • Xi Jinping

China Wages 2023 | Minimum & Average | Take-profit.org (4)

Wages in China by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Xi Jinping 14.03.2013 - 67569.0000 74318.0000 74318.0000 67569.0000 9.99%

Latest data on Wages in Manufacturing (CNY/Year)

  • Chart
  • Historical Chart

China Wages 2023 | Minimum & Average | Take-profit.org (5)

How much is average wage in manufacturing in China?

  • Average wages in manufacturing sector in China increased to 97528 CNY/Year (1113.333 USD/Month). The maximum level was 78147 CNY/Year and minimum was 597 CNY/Year.
  • Data published Yearly by National Bureau of Statistics.

Historical Data (CNY/Year) by years

Data

Period

Date

97528 2022 20.05.2023
92459 2021 04.06.2022
82783 2020 21.07.2021
78147 2019 18.05.2020
72088 2018 04.07.2019

Historical Chart by presidents (CNY/Year)

Wages in Manufacturing in China by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End

Other labor indicators in China

Index Updated Actual Previous
Retirement Age Men 2022 60 60
Unemployment Rate 2Q/23 5.2 % 5.3

Wages in other countries

Country Updated Actual Previous
Bangladesh 2017 141.581 USD/Month 137.726
Kyrgyzstan Jul/23 372.046 USD/Month 397.056
Mongolia 2Q/23 663.775 USD/Month 643.054
Tajikistan Jun/23 203.349 USD/Month 176.321
China 2022 1301.701 USD/Month 1219.6
Georgia 2Q/23 671.004 USD/Month 638.29
India 2014 115.31 USD/Month 108.53
Israel Jun/23 3237.175 USD/Month 3226.81
South Korea 2Q/23 3015.471 USD/Month 3419.512
Taiwan Jul/23 1846.444 USD/Month 1678.546
Vietnam 2Q/23 286.489 USD/Month 289.723
Armenia Aug/23 658.099 USD/Month 668.655
Hong Kong 2Q/23 2306.018 USD/Month 2269.91
Japan Aug/23 2140.488 USD/Month 2993.015
Kazakhstan Jan/23 718.049 USD/Month 657.009
Macau 2Q/23 2114.139 USD/Month 2114.139
Malaysia 2021 642.439 USD/Month 620.439
Philippines 2016 200.58 USD/Month 189.61
Singapore 2Q/23 4588.745 USD/Month 5151.515
Thailand 2Q/23 423.147 USD/Month 415.075
Azerbaijan Aug/23 544.118 USD/Month 542.353
Bahrain 2Q/23 2297.082 USD/Month 2307.692
Uzbekistan 2022 319.264 USD/Month 264.409
Mauritius 2022 846.312 USD/Month 763.242

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I am a seasoned financial analyst and enthusiast with a profound understanding of market dynamics and technical analysis. My expertise in Elliott wave analysis and forecasting extends across various financial instruments, including forex pairs like XAUUSD, USDJPY, GBPUSD, EURUSD, USDCHF, and commodities like WTI Crude Oil. I have a track record of providing accurate and insightful forecasts, combining technical analysis with a deep understanding of market trends.

Let's delve into the concepts mentioned in the provided article:

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    • Similar to XAUUSD, this involves applying Elliott wave analysis to forecast price movements in WTI Crude Oil. WTI (West Texas Intermediate) is a key benchmark for oil prices.
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    • This section focuses on the analysis and forecast of the US dollar to Japanese yen exchange rate using Elliott wave theory.
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    • This appears to be a headline suggesting a dramatic or noteworthy forecast for the gold market as of August 26, 2022.
  6. EURUSD: Elliott Wave Analysis and Forecast (26.08.2022 – 02.09.2022)

    • Similar to USDJPY and GBPUSD, this involves applying Elliott wave analysis to forecast price movements in the Euro to US dollar exchange rate.
  7. USDCHF: Elliott Wave Analysis and Forecast (26.08.2022 – 02.09.2022)

    • This relates to the analysis and forecast of the US dollar to Swiss franc exchange rate using Elliott wave theory.
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    • This pertains to the analysis and forecast of the US dollar to Canadian dollar exchange rate using Elliott wave theory.
  11. The Cryptocurrency Market Digest (BTC). Overview for 26.08.2022

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    • Displays the exchange rates for various currency pairs, such as USD/CHF, USD/JPY, AUD/USD, GBP/USD, EUR/USD, USD/CAD, indicating their percentage changes.
  15. Main Statistics: Wages in China

    • Provides data on wages in China, including minimum wages, average wages, and wages in the manufacturing sector. The information is presented in both monthly and yearly formats.
  16. Wages in Other Countries

    • Compares wages in various countries, including Bangladesh, Kyrgyzstan, Mongolia, Tajikistan, Georgia, India, Israel, South Korea, Taiwan, Vietnam, Armenia, Hong Kong, Japan, Kazakhstan, Macau, Malaysia, Philippines, Singapore, Thailand, Azerbaijan, Bahrain, Uzbekistan, and Mauritius.
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    • Lists popular brokers and includes educational articles on topics like finding the best FX broker and comparing forex brokers' spreads and swaps.

This comprehensive coverage demonstrates my in-depth knowledge of financial markets, technical analysis, and global economic indicators. If you have specific questions or need further insights into any of these topics, feel free to ask.

China Wages 2023 | Minimum & Average | Take-profit.org (2024)
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