Minimum Wages in China increased to 2480 CNY/Month in 2019 from 2420 CNY/Month in 2018. Minimum Wages in China averaged 1567.14 CNY/Month from 2006 until 2019, reaching an all time high of 2480 CNY/Month in 2019 and a record low of 690 CNY/Month in 2006.

Minimum Wages in China is expected to be 2480.00 CNY/Month by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Minimum Monthly Wages is projected to trend around 2620.00 CNY/Month in 2020, according to our econometric models.

China Minimum Monthly Wages
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


China Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.80 3.82 4.30 3.80 percent [+]
Employed Persons 77586.00 77640.00 77640.00 20729.00 Tens of Thousands [+]
Unemployed Persons 968.00 969.00 983.00 810.00 Tens of Thousands [+]
Labour Costs 104.30 104.80 110.40 103.30 Index Points [+]
Wages 74318.00 68993.00 74318.00 445.00 CNY/Year [+]
Wages in Manufacturing 64452.00 59470.00 64452.00 597.00 CNY/Year [+]
Minimum Wages 2480.00 2420.00 2480.00 690.00 CNY/Month [+]
Population 1395.38 1390.08 1395.38 551.96 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. . This page provides - China Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news. China Minimum Monthly Wages - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2480.00 2420.00 2480.00 690.00 2006 - 2019 CNY/Month Yearly




Country Last Previous
Argentina 11900.00 Apr/19
Australia 719.20 Jul/18
Brazil 998.00 Apr/19
Canada 14.00 Dec/19
China 2480.00 Apr/19
France 1521.22 Dec/19
Germany 9.19 Jan/19
Indonesia 3.94 Jan/19
Japan 874.00 Oct/18
Mexico 102.68 Mar/19
Netherlands 1615.80 Jun/19
Russia 11163.00 May/18
South Korea 8350.00 Dec/19
Spain 1050.00 Jun/19
Turkey 2558.40 Dec/19
United Kingdom 8.21 Apr/19
United States 7.25 Dec/19


Related

Latest