China

Last Update by Katie, 07 Jun 2024

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Exchange Rate

13 Jun 2024

 

Cost of Living

Indicative value for a working adult in a city: Beijing

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (CNY)
McDonalds Set Meal 40
Monthly Train and Bus Tickets 250
3 Bedrooms Rental (City Center) 16,320
3 Bedrooms Rental (Outskirt) 8500

Current Inflation Rate

0.7%

Wage

Minimum Wages

  • The minimum wage depends on the provinces or city.
    In Beijing, it is 26.4 CNY per hour, 2,420 CNY per month

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (CNY)
Entry-Level
Fresh Graduate
8,010
Mid-Level
5 Years
15,750
Experienced & Managerial Level
10 Years
26,840
Specialized & Senior-Level
15 Years
31,970

Annual Salary Growth

5%

Statutory Contribution

Beijing - Applies to minimum salary 6,326 CNY, housing fund 2,420 CNY capped at 33,891 CNY
Dalian - Applies to minimum salary of 4,106 CNY, housing fund 1,910 CNY capped at 28,488 CNY

State/Province Level

Beijing

Type Employer Rates Employee Rates Notes
Pension Insurance 16% 8% All staff
Unemployment Insurance 0.5% 0.5% All staff
Work-Related Injury Insurance 0.2% -1.9% - All staff
Maternity Insurance 8.8% 2% All staff
Medical Insurance 1% 3 CNY All staff
Housing Fund 5% - 12% 5% - 12% All staff

Other Benefit

Other common employment benefits in China include:

  • Additional health protection, estimate: 300 CNY per month
  • Transport allowances:
    a. Sales position - 800 CNY per month
    b. non-sales position - 300 CNY per month
  • Mobile phone allowance: 100 CNY per month

Income Tax

Residents

  • Tax period: 1st January to 31st December
    Filing start date: 1st March of the following year
    Filing due date: 30th June of the following year

Country Level

Taxable Income Rate
0 - 36,000 3%
36,000 - 144,000 10%
144,000 - 300,000 20%
300,000 - 420,000 25%
420,000 - 660,000 30%
660,000 - 960,000 35%
> 960,000 45%

Non-residents

  • Range from 3% to 45%.

Country Level

Taxable Income Rate
0 - 3,000 3%
3,000 - 12,000 10%
12,000 - 25,000 20%
25,000 - 35,000 25%
35,000 - 55,000 30%
55,000 - 80,000 35%
> 80,000 45%

Working Hours

Statutory

44 hours
8 hours, 5 days

Typical practice

44 hours
Monday-Saturday

Overtime

Limited to 3 hours per day, and 36 hours per month.

  • Workday – 150% of regular hourly pay
  • Weekend: 200% of regular hourly pay
  • Public Holiday: 300% of regular hourly pay

Employment Contract

Permanent

Probation

6 months

Termination

  • During the probation: 3 days notice
    After probation: 30 days’ notice in writing or payment of 1 month’s salary
  • Severance:
    a. 1 month’s salary for each year of service
    b. 6 months: half a month’s salary

Public Holiday

11 days

Country Level

Date Name
01 Jan New Year's Day
10 Feb - 17 Feb Chinese Lunar New Year's Day
04 Apr - 06 Apr Ching Ming Festival
01 May - 05 May Labor Day
10 Jun Dragon Boat Festival
15 Sep - 17 Sep Mid-Autumn Festival
01 Oct - 07 Oct National Day

Leave

Leave Type Entitlement Notes
Annual Leave 1 - 10 years' service- 5 working days
10 -20 years' service -10 working days
Over 20 years' service - 15 working days
All staff
Maternity leave 98 calendar days, up to 158 days depending on the region
15 days before birth, 83 days after
All female staff
Prenatal leave Depends on the pregnancy period:
1 - 6 months – 1 day per month
6 -7 months – 1 day per month
8 months – 2 days
9 months – 4 days (2 days included in maternity leave)
Expectant mothers
Paternity leave 15 days, up to 20 days depending on the region All eligible male staff taken after the birth of the child
Parental leave 5 days, up to 10 days depending on the region All staff
Sick leave Under 5 years' service - 6-12 months
Over 5 years' service - 3-6 months
Over 5, but under 10 years' service - 9 - 15 months
Over 10 but under 15 years' service - 12 - 18 months
Over 15 but under 20 years' service - 18 - 24 months
Over 20 years' service - 24 - 30 months
All staff
Marriage leave 3 – 30 days All staff (number of days depends on the region)
Compassionate/Bereavement Leave 1- 3 days All staff (number of days depends on the region)

Reference

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