It is estimated that more than 64,000 French people are based in China, including 30,000 in Hong Kong, 20,000 in Shanghai, 10,000 in Beijing and 4,000 in other regions of the country. However, China is only the 26and favorite country for expats according to the HSBC Expat Explorer ranking. Find out the salary you can claim and the reasons why you should move to China!
The Average Salary in China
On average, the average salary in China in 2022 is estimated at €876.41. However, you should know that China is about 18 times bigger than France. This means that while each city has its own average salary, they also have their own cost of living. Unsurprisingly, the average salary in China is higher in major cities like Shenzhen, Beijing or Shanghai.
To know more about salary in China:
• 1€ is equal to 7.7 Yuan.
• The average monthly salary in Shanghai is estimated at $1,135 or $1,040.9. It is higher than the average monthly salary of some European countries such as Croatia ($887), Lithuania ($956) or Latvia ($1,005).
Also Read: The Average Salary In Thailand.
The Most Recruiting Sectors in China
First, the manufacturing and construction sectors account for nearly half of China’s GDP. However, China is mainly looking for profiles of engineers, computer scientists (especially developers), but also salespeople within the purchasing and logistics departments.
Obviously, depending on the city, the sectors that recruit differ. For example, if you go to Beijing or Shanghai, you are more likely to find job opportunities in luxury and finance. As for Shenzhen, you have more professional opportunities in new technologies and telephony. Finally, Shenyang is a city that will mainly offer you job opportunities in the automotive manufacturing sector.
• To find a job in China, contact the French Chamber of Commerce and Industry in China, Chinahr (in Chinese only) or 51job.
Also read: Salaries after school by sector.
A destination shunned by expats
In 2019, China is on the 26and place in the ranking of destinations popular with expats according to the global HSBC Expat Explorer survey. Indeed, last year Taiwan, Singapore and Vietnam were the favorite Asian destinations for expats.
However, Shanghai, the financial center of China, remains one of the favorite cities for expatriates to work and live in, ahead of Beijing, Hefei, Hangzhou, Shenzhen, Suzhou, Qingdao, Tianjin, Xi’an and Wuhan.
It should be noted, however, that China is home to a large proportion of France’s large groups. Indeed, according to the Ministry of Europe and Foreign Affairs, we find about fifty French companies based in China in different areas such as:
- Aviation: Airbus, Aerolia, Eurocopter, Dassault, etc.
- Automotive: PSA, etc.
- Agrifood and Beverages: Danone, Pernod Ricard, Moët Hennessy, Remy Cointreau, etc.
- Distribution: Auchan, Carrefour, Decathlon and Sephora, etc.
- Energy, environment and industry: Air Liquide, Alstom, Engie, Saint-Gobain, Orano, Schneider, Veolia, etc.
- IT: Ubisoft, etc.
- Luxury (shops): Cartier, Dior, Givenchy, Hermès, Louboutin, Louis Vuitton, etc.
- Hotels: Sofitel, Ibis, etc.
- But also: Accor, Adecco, Air France-KLM, AGS Four Winds, Altavia, AXA, BNP-Paribas, Bureau Véritas, CMA-CGM, Geodis, Groupama, JCDecaux, MicroCred, Alstom, etc.
- The HSBC Expat Explorer ranking surveys more than 26,000 expatriates in 190 countries on economic criteria, life experience in the country and family aspects to develop the annual ranking.
Also Read: The Average Salary In Vietnam.
The cost of living in China
As for the cost of living, it is estimated to be 37% lower than in France.
For example, Numbeo indicates that the rent of a one-bedroom apartment in the city center in China is €970.88 in 2020 (the minimum amount is €450.47 and the maximum is €2574.13). This amount also depends on the city where you work. Rents are necessarily higher in pressured cities or major metropolitan areas such as Hong Kong or Beijing. Below is the average rent in each city for a one-bedroom apartment.
|hong kong||€ 4,480.58|
You should know that the city of Hong Kong is the most expensive city in the country and is also one of the three most expensive cities, with Paris and Singapore, according to the British consultancy The Economist Intelligence Unit (EIU), in 2019, due to the high cost of housing, services and transport.
Also read: Understanding everything at VIE, a real springboard to the international stage for graduates.
Reasons to move to China
Why move to China? First of all, because English is the country’s first foreign language! Obviously, expats will advise you to go into exile in a big city like Hong Kong or Shanghai or Beijing where there will be more professional opportunities.
Expats also explain that they chose China because they were looking for new challenges, to improve their job prospects or because they think this passage in China will be very helpful for their professional advancement.
If, on the other hand, you move to China, you have a good chance of taking advantage of benefits such as a transport allowance, a housing allowance or even a relocation allowance or a mobility allowance.
In addition, 66% of expats in China believe their disposable income and ability to save have increased since moving there. Finally, it is estimated that more than one in five expatriates in China earn more than $200,000 a year.
If you want to move to China, you first need a Z visa. You have to go to the Chinese embassy in France to apply for a visa. In order to validate your application, you must meet certain conditions: have at least a baccalaureate degree +3 with two years of professional experience in your field.
In addition, it is important to keep in mind that the government is now pushing Chinese companies to hire Chinese first. You may face this hurdle as many of the companies are not allowed to hire foreigners.
• China has set up a work permit system that allows foreigners to come to China and a visa system for expats.
• Unlike expats, China is very popular with foreign students. She is the 5and favorite destination in 2018 after the United States, United Kingdom, Australia and Canada.
Also read: Salary scale VIE 2020.
Inequality between men and women in the professional world in China?
Chinese society is rooted in certain customs and traditions that influence gender equality in the workplace. Despite large wage differences, women continue to actively contribute to the development and growth of the country’s economy.
.A study shows that 38% of senior management positions are held by women in companies. This is explained by the fact that the government strongly encourages Chinese companies to adopt one of the precepts of Chinese communism promulgated by Mao: “women hold up half the sky”.
Average salary in Beijing (Beijing)
Shanghai, Beijing and Zhejiang Province dominate the rankings recently published by the National Bureau of Statistics (NBS) regarding disposable income per capita in the first quarter of 2021 in China.
According to data published by the site, the average salary in Shanghai reached 21,548 yuan ($3,320). The city of Shanghai is the only city in the country where the salary exceeded the 20,000 yuan mark in the first quarter of 2021.
Beijing is in second place in the ranking. His average salary rose 9.6% to 19,585 yuan over the period. Zhejiang Province completes the podium with an average salary of 18,263 yuan.
How is insurance financed in China?
China’s social security system is funded not only by contributions from policyholders and employers, but also by subsidies from the central government and local governments. This last part is still a minority.
The premium rates and reward ceilings that are taken into account in the calculation are determined at the local level and vary per province within the limit of a ceiling set by the national government.
- Old age insurance : financed by a pay-as-you-go and a capitalization system.
- unemployment insurance is financed by contributions from employers and employees, as well as by government grants.
- medical insurance : As far as employees are concerned, this insurance can be considered as unemployment insurance, financed not only by contributions from (mainly) employers and employees, but also by government subsidies. Local governments set premium rates according to local conditions within a maximum of 6% of the wage bill for the employer and 2% of the individual salary for employees. Retirees do not contribute to this scheme.
- maternity care: the employer is obliged to pay a contribution.