Labor Costs

Zhejiang Employee Wage & Labor Cost Information

In 2010, the average wage of a direct employee in Zhejiang province was approximately RMB 1,870 per month.  However, in 2011 it rose to RMB 2,100 which was largely due to the raise in Zhejiang’s minimum wage.  In 2010, the minimum wage stood between RMB 800 to 1,100 per month for full time employees.  In 2011, the province raised the minimum wage to RMB 1,310.  These increases in minimum wage are seen throughout China as legislation is attempting to curb China’s high inflation as well as raise the standard of living.  Legislature has commented that it is likely provinces, municipalities, and SEZ’s will see increases in the minimum wage through 2015.  Calculating the exact cost of a direct employee on an hourly basis involves a complex formula composed of a daily base salary, employee incentives, and taxation.

Taizhou

5,600,000

No

Coastal

29.64 (2009)

Additional Resources Description
Understand China Labor Rates A China Labor Rate Comparison Chart by Region
Understand China Wage Glossary A Glossary of China Labor Costs Terms & Definitions
Understand China Q & A 25 Questions and Answers for Starting a Business in China
Understand China Currency Converter Up-to-date Currency Conversion and Exchange Rates

Taizhou

5,600,000

No

Coastal

29.64 (2009)

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