Salary

As of July 1, 2025, China has updated its minimum wage standards, varying across provinces and municipalities. Most regions use a tiered system. Shanghai leads with a monthly minimum wage of RMB 2,740, and Beijing with an hourly rate of RMB 26.4. Minimum wage adjustments directly affect income distribution and improve employee benefits like overtime pay and social security contribution bases, benefiting the broader workforce.

CNBC’s AI News discusses whether a $10,000+ monthly salary constitutes “high income”. While online discussions often skew perception, data reveals this income level places earners in a small percentage of the population. With the average disposable income far lower, particularly in rural areas, a $10,000 monthly salary significantly surpasses the earnings of most.

Former Gree Electric executive Wang Ziru discussed his departure in a livestream, hinting at friction stemming from proposed channel reforms. He emphasized the decision wasn’t solely his and highlighted positive relationships with colleagues. While details were guarded, he referenced public salary information and revealed his title wasn’t formally VP. Wang described his work at Gree as reshaping the sales system, driven by a sense of urgency and a desire for a lasting legacy.