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China

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Country Details

Currency

Renminbi (CNY)

Official language

Mandarin Chinese

Capital

Beijing

Is English spoken?

No

Time Zone

GMT +8:00

Salary payment frequency

Monthly

General Overview & Economic Facts

Information

The main exports from China are computers, integrated circuits, textiles, clothes and mobile phones
11.48 % of the population is between the ages of 15 and 24 years, with 46.81% of the population being between the ages of 25 and 54. China has a fairly youthful population, making it a favourable country to employ young, energetic employees

Population size

1,40,00,50,000

GDP

$19,374B

Inflation level

1.70%

Average earning + minimum wage

Average earning - average monthly salary is 29,300 CNY
minimum wage - CNY 2,590.00 per month

Overview of the labour law

Chinese labour law is not codified in a single piece of legislation and is found in numerous sources including the Labour Law of the Peopleâs Republic of China, the Labour Contract Law of the Peopleâs Republic of China and the Chinese Constitution
The Labour Contract Law provides more detailed guidelines regarding employment agreements in addition to the rights and responsibilities of employers and employees
The labour laws safeguard the interests of the employers and employees to provide a safe and secure working n

Employment Details

Number of Public Holidays

29

Working Hours

Maximum of 8 hours per day and 40 hours per week There are no specific legal requirements concerning rest breaks during a working day. It is common to give employees a 1 hour lunch break. Some employers offer a lunch break period of 2 hours from 12pm until 2pmTypical working hours start at 08h00 and end by 18h00, Monday to Friday

Benefits
  • Health Insurance
  • Vision Insurance
  • Dental Insurance
  • Pension or 401(K)
  • Mental Health Support
  • Life and Disability Insurance
Overtime

Maximum of 3 overtime hours per day and 36 overtime hours per month

Notice Period

30 days notice3 days notice during the probation period

Probation Period

There is no statutory probation period Optional probation periods may be a maximum of: 1 month if the employment contract is 3 months to 1 year 2 months if the employment contract is between 1 and 3 years 6 months if the employment contract is an indefinite term contract

Severance Pay

1 months salary for each year of service

Employee Income tax

5,000.00 - 36,000.00 3.00% 36,000.00 - 144,000.00 10.00% 144,000.00 - 300,000.00 20.00% 300,000.00 - 420,000.00 25.00%

420,000.00 - 660,000.00 30.00% 660,000.00 - 960,000.00 35.00% 960,000.00 or more 45.00%

Employer Social cost

16% - Pension
0.5% - Unemployment Insurance
10%- Medical Insurance
0.256%- Injury Insurance
7%- Housing Fund

Employee Social cost

8%- Pension
0.5%- Unemployment Insurance
2.% - Medical Insurance
7%- Housing Fund

Benefit packages

Health Insurance
Vision Insurance
Dental Insurance
Pension or 401(K)
Mental Health Support
Life and Disability Insurance

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