It is estimated that more than 64,000 French people live 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 26thand favorite country for foreigners 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 wage 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 larger than France. This means that even though each city has its own average wage, they also have their own cost of living. Not surprisingly, the average wage in China is higher in larger cities like Shenzhen, Beijing or Shanghai.
|hong kong||€ 2,455.24|
To know about wages in China:
• 1 € equals 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 in some European countries such as Croatia ($ 887), Lithuania ($ 956) or Latvia ($ 1,005).
Also read: The average salary in Thailand.
The sectors that recruit the most in China
First, the manufacturing and construction sectors account for almost half of China’s GDP. However, China is primarily looking for profiles of engineers, computer scientists (especially developers), but also sales people in the purchasing and logistics departments.
Depending on the city, the sectors that recruit are obviously different. For example, if you are going to Beijing or Shanghai, you will be more likely to find job offers in luxury and finance. As for Shenzhen, you will have more professional opportunities in new technologies and telephony. Finally, Shenyang is a city that will mainly offer you job offers in the automotive industry.
To know :
• To find a job in China, go to the French Chamber of Commerce and Industry in China, Chinahr (in Chinese only) or 51job.
Also read: Wages by school by sector.
A destination that foreigners avoid
In 2019, China is ranked 26thand place in the ranking of destinations that are popular with foreigners according to the global HSBC Expat Explorer survey. Last year, the preferred Asian destinations for foreigners were actually Taiwan, Singapore and Vietnam.
However, Shanghai, China’s financial center, is still one of the favorite cities for foreigners 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 good portion of the large corporations in France. In fact, according to the Ministry of Europe and Foreign Affairs, we find about fifty French companies established in China in several 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.
- ICT: 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 and others.
To know :
- The HSBC Expat Explorer rankings survey more than 26,000 foreigners in 190 countries on economic criteria, life experience in the country and family aspects to develop its annual ranking.
Also read: The average wage in Vietnam.
The cost of living in China
In terms of cost of living, it is estimated that they are 37% lower than in France.
For example, Numbeo states that the price of renting a one-bedroom apartment in the city center of China is € 970.88 in 2020 (the minimum amount is € 450.47 and the maximum is € 2574.13). Again, this amount depends on the city where you work. Rents are necessarily higher in cities under pressure or large metropolises like 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 consulting firm The Economist Intelligence Unit (EIU), in 2019, due to high costs for housing, service and transport.
Also read: Understand everything at VIE, a real springboard to the international stage for graduates.
Reasons to move to China
Why move to China? First and foremost because English is the country’s first foreign language! Posters will of course advise you to go into exile in a big city like Hong Kong or Shanghai or Beijing, where there will be more professional opportunities.
Foreigners also explain that they chose China because they were looking for new challenges, to improve their job opportunities, or because they believe that this passage in China will be very useful for their professional progress.
On the other hand, if you move to China, you have a good chance of taking advantage of benefits like transportation allowance, housing allowance or even relocation allowance or mobility allowance.
In addition, 66% of expats in China believe that their disposable income and ability to save has increased since they moved there. Finally, it is estimated that more than one in five foreigners in China earn more than $ 200,000 a year.
If you want to move to China, you must first have a Z visa. You must go to the Chinese Embassy in France to apply for a visa. In order for your application to be validated, you must meet certain conditions: Hold at least one baccalaureate +3 with two years of professional experience in your area of expertise.
Moreover, it is important to keep in mind that the government is now pressuring Chinese companies to hire Chinese first. You may face this obstacle as many of the companies are not allowed to hire foreigners.
To know :
• China has set up a work permit system that allows foreigners to come to China, and a visa system for foreigners.
• Unlike expatriates, China is very popular with foreign students. She’s the 5thand favorite destination in 2018 after the US, UK, Australia and Canada.
Also read: 2020 VIE salary scale.
Inequalities between men and women in the professional world in China?
Chinese society is rooted in certain habits and traditions that affect equality between men and women in the workplace. Despite large pay gaps, women remain active in contributing to the development and growth of the country’s economy.
A study shows that 38% of top management positions are filled by women in companies. This is explained by the fact that the government strongly urges Chinese companies to apply one of the precepts of Chinese communism, as Mao has stated: “women hold up half the sky”.
Average Salary in Beijing (Beijing)
Shanghai, Beijing and Zhejiang Province dominate the ranking of the ranking recently published by the National Bureau of Statistics (NBS) on disposable income per capita. per capita in the first quarter of 2021 in China.
According to data published by the website, the average salary in Shanghai reached 21,548 yuan ($ 3,320). The city of Shanghai is the only city in the country where wages passed 20,000 yuan in the first quarter of 2021.
In second place in the rankings we find Beijing. 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?
The Chinese social security system is funded not only by contributions from insured persons and employers, but also by subsidies from the central government and local governments. However, this last part is still a minority.
The contribution rates and remuneration ceilings taken into account in the calculation are set at the local level and vary depending on the provinces within the limits of a ceiling set by the central government.
- Age insurance : funded by a pay-as-you-go system and a capitalization system.
- unemployment insurance financed by contributions from employers and employees, but also by government subsidies.
- health insurance : For employees, this insurance can be considered as an unemployment insurance funded not only by contributions from (mainly) employers and employees, but also by government subsidies. Local authorities set contribution rates according to local conditions within a maximum limit of 6% of the wage bill for the employer and 2% on individual wages for employees. Pensioners do not contribute to this scheme.
- Maternity insurance: the employer is obliged to pay contributions.