As of February 19, 2024, Shanghai has the highest monthly minimum wage among 31 provinces at RMB 2,690 (US$370) per month, while Beijing has the highest hourly minimum wage at RMB 26.4 (US$3.7) per hour.
- Minimum wages in China are on the rise, with different levels set for different regions based on factors like cost of living and economic development.
- The minimum wage standards in China impact various aspects, including housing fund contributions, wages during probation and sick leave, severance payments, and more.
- Despite the increase in minimum wages, China remains an attractive option for foreign investment due to factors like productivity, infrastructure, and access to a large domestic market.
21 regions including Anhui, Beijing, Chongqing, Fujian, Gansu, Guangdong (including Shenzhen), Hainan, Hebei, Henan, Hubei, Jiangsu, Jiangxi, Liaoning, Ningxia, Shaanxi, Shandong, Shanghai,…
