China’s Minimum Wage Guide (Updated as of February 19, 2024)

Minimum wages in China are set to rise in 2024. The legal minimum wage is the minimum labor remuneration paid by employers to employees. Provincial governments determine minimum wage based on factors like living costs, consumption price index, and economic development. Salary benchmarking is available for business support.

Minimum wages in China continue to rise in 2024. We offer a guide to minimum wages in the Chinese Mainland and discuss how labor costs are affected by changes to the minimum wage levels.

According to China’s Provisions on Minimum Wage, the legal minimum wage refers to the minimum labor remunerations that shall be paid by the employers to the employees under the precondition that the employee has provided normal labor within the promissory working hours or within the working hours that is prescribed in the labor contracts.

The minimum wage standards are determined by provincial governments by taking into consideration factors, such as the minimum living costs of local employees and their dependents, the urban residents’ consumption price index, the social insurance premiums, and the housing funds paid by the employees themselves, the average salary of the employees, the level of local economic development, the local employment status, etc.

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This article is republished from China Briefing. Read the rest of the original article.

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