Minimum Wages in China remained unchanged at 2480 CNY/Month in 2020 from 2480 CNY/Month in 2019.

Minimum Wages in China averaged 1628 CNY/Month from 2006 until 2020, reaching an all time high of 2480 CNY/Month in 2019 and a record low of 690 CNY/Month in 2006. This page provides - China Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. China Minimum Monthly Wages - values, historical data and charts - was last updated on October of 2020. source: Ministry of Human Resources and Social Security, China

Minimum Wages in China is expected to reach 2480.00 CNY/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Minimum Monthly Wages is projected to trend around 2540.00 CNY/Month in 2021 and 2650.00 CNY/Month in 2022, according to our econometric models.

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China Minimum Monthly Wages

Actual Previous Highest Lowest Dates Unit Frequency
2480.00 2480.00 2480.00 690.00 2006 - 2020 CNY/Month Yearly

China Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.40 5.60 6.20 3.90 percent [+]
Employed Persons 77471.00 77586.00 77640.00 20729.00 Tens of Thousands [+]
Unemployed Persons 1005.00 957.00 1005.00 810.00 Tens of Thousands [+]
Labour Costs 103.20 104.20 110.40 103.20 points [+]
Wages 93383.00 84744.00 93383.00 445.00 CNY/Year [+]
Wages in Manufacturing 78147.00 72088.00 78147.00 597.00 CNY/Year [+]
Minimum Wages 2480.00 2480.00 2480.00 690.00 CNY/Month [+]
Population 1400.05 1395.38 1400.05 551.96 Million [+]
Retirement Age Women 50.00 50.00 50.00 50.00 [+]
Retirement Age Men 60.00 60.00 60.00 60.00 [+]

China Minimum Monthly Wages
In China, minimum wage refers to the minimum monthly wage in Shanghai (as it is the highest figure). It was introduced in 1994 but was only implemented in March 2004. China does not set on minimum wage for the entire nation. Instead, each province, city or other administrative units sets its own minimum wage according to its local economic conditions. The minimum wage is divided into two kinds: monthly minimum wage applies to full-time workers and hourly minimum wage applies to part-time workers.