Advanced 2019/20 Survey. 29,300. Beijing ranked first among these cities with its average monthly salary reaching 11,204 yuan, followed … Average salary in China is CNY 298,633 (US$ 46,665). Sectors of the Chinese economy ranked by average annual salary in renminbi: The report found that China’s 32 listed banks paid its employees a total of 650.751 billion yuan in 2018, while total staff numbers were 2.2193 million, for a slight decline of 0.06% compared to the preceding year. COVID-19 Intensifies Downward Trend of Average Expected Wage Growth – Results of the 2020 / 21 German Chamber Labor Market & Salary Report . Table of Contents . Beijing attracted the most job seekers among the 37 cities surveyed, with its competition index reaching 130.5, up 40.2 year-on-year. CNY HIGH. This statistic shows the average annual salary of an employee in a non-private organization in urban China in 2019, by region. The English language has long been established as one of the most important languages to speak in the world. // Junior developers in the USA are paid $101,178, while senior engineers with 6-9 years of experience earn $118,898 per year. Foreign-owned companies paid the most, with an average salary of 9,285 yuan, followed by listed companies with 9,191 yuan, while private enterprises were the lowest, paying an average 7,377 yuan, according to the report. The expected salary growth for 2021 among German companies in China averages 3.79 percent - a 1.74 percentage points decrease from 2020 expectations - with two thirds of the survey participants … e.async = 1; Average salary for Engineer(Hangzhou, China) is CNY 120,000 (US$ 18,486). The study found that banking sector employees and non-bank financial sector employees had the highest average annual salaries, at 309,000 yuan and 255,700 yuan respectively, for YoY growth of 6.04% and 1.45%. Average Software Developer Salary in the World. … Bank of Ningbo and Bank of Shanghai came in fourth and fifth place respectively, with average annual salaries of 451,500 yuan and 449,600 yuan respectively. The best part is that salary in 2019 is 2%higher than that in the year 2018. Asia Pacific: Average Excluding Zero and Pay Cuts 13 . Their vehicles range from 170,000 yuan ($25,000) to 200,000 yuan ($29,000) — more double the average annual salary. China Banking News covers all the latest news and development in the Chinese finance and fintech sectors. document.write(oTime.getFullYear()); chinadaily.com.cn | Wages in China increased to 93383 CNY/Year in 2019 from 84744 CNY/Year in 2018. source: National Bureau of Statistics of China. You have entered an incorrect email address! e.src = u; The most typical salary is CNY 98,754 (Gross). Beijing, Shanghai, Guangzhou, 7 September 2020. According to Indeed, the USA is the best-paying country for software engineers with the average software developer salary in 2020 reaching $106,816. Africa: Average Excluding Zero and Pay Cuts 3 . 2019-08-28. Salary: US$77,200. Results Report . Detailed salary report based on career, education, experience, gender, age etc. CNY. New first-tier city Hangzhou in East China's Zhejiang province came in second, with an average of 8,684 yuan, up 25.77 percent year-on-year – the highest growth rate. f.parentNode.insertBefore(e, f); The three listed Chinese banks that provided the highest average salaries in 2018 were China Merchants Bank, Ping An Bank and China Minsheng Bank, at 570,700 yuan, 480,400 yuan, and 452,400 yuan respectively, for YoY increases of 19.84%, 4.38% and 11.00% respectively. With an average monthly wage of 9,723 yuan ($1,447.64), Shanghai, China's financial center, tops the country's income rankings, the report on talent flow in quarter one said. 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