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1/4 of foreign workers in China make over 300,000 dollars a year

(People's Daily Online)    09:57, October 29, 2014
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Foreign employees probably earn more in China than in any other country. The latest report on immigration published by HSBC shows that about a quarter of foreign employees are making over 300,000 dollars per year in China. The report also points out that as a fast developing economic entity China is able to provide higher salaries with relatively low living costs, and a high income could be a very important attraction to encourage employees to come to work in China.

This HSBC survey was carried out by research company YouGov in April and May this year, with 9288 people questioned. The report listed 34 countries, ranking only those which had more than 100 respondents. Respondents are questioned on their experience of life in their new home, financial situation, and parenting.

The report shows that 76 percent of foreigners increased their purchasing power after they came to China, and about a quarter are making over 300,000 dollars per year, a higher figure than any other country. Most come to China in search of better career opportunities.

According to the report, 85 percent of foreigners in China are satisfied with their financial situation, while the average data globally in this respect is only 65 percent. More than half of the participants expect that the Chinese economy will keep growing. 53 percent are optimistic about the Chinese market (the global data for this is 38 percent), and 43 percent claim that they have a more positive social life in China (the global data for this aspect is 28 percent). In addition, foreign parents also approve of a Chinese education. 65 percent of them think the quality of education their children get in China is improving, and 62 percent do not experience any difficulties in getting their children into a desirable school.

Switzerland tops the "Best Countries for Immigration" list, followed by Singapore, China, Germany, and Bahrain in second to fifth place. The United Kingdom and Egypt occupy the last two places. Taiwan is eighth, and Hong Kong is tenth. The United States only ranks thirtieth.

Some critics have suggested that those surveyed in China were mostly senior executives of foreign companies, and as a result the reliability of the research remains open to question.

This article is edited and translated from 《1/4外籍打工者在华年薪过30万美元》,source: China Youth Daily

(Editor:Yao Xinyu、Liang Jun)
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