Average Wages per country
Wages in China increased to 56339 CNY/Year in 2014 from 52388 CNY/Year in 2013.
56339 Yuan/Year = 56339/6 = about $10,000 per year = $800/month
Average Wages per month per country in 2015:
China: $800 (net income)
Hong Kong: $2,000
Albania: $430
Argentina: $1,200
Armenia: $350
Belarus: $435
Brazil: $700
Bulgaria: $520
Chile: $1,000
Croatia: $850
Czech Republic: $1,000
European Union: $1,800 (gross income)
Japan: $2,500
Macedonia: $570
Mexico: $600
Peru: $450
Philippines: $200
Poland: $1,100
Romania: $650
Russia: $650
Serbia: $450
Singapore: $4,000 (rich Asian city country)
South Africa: $1,100
South Korea: $3,000 (Korea has become very rich)
Thailand: $400
Turkey: $600
Ukraine: $200
Venezuela: $300
Conclusion: China is no more a cheap labour country in the world.
Wages in China increase 4 times in 10 years:
China | Economic Forecasts | 2015-2050 Outlook
http://www.tradingeconomics.com/china/forecast
List of European countries by average wage per month:
https://en.wikipedia.org/wiki/List_of_European_countries_by_average_wage
Average Chinese Getting Richer
2/25/2014 @ 5:11PM
Chinese have more disposable income than ever. This is why they are shopping at places like Ikea, and buying smart phones.
China’s gross domestic product grew 7.7% to 56.88 trillion yuan last year, but its relatively low national income keeps it an emerging economy. Per capita GDP gained 7.3% however to 66,199 yuan last year, NBS said.
Also in spite of slower growth, unemployment was just 4.05% in 2013, down from 4.09% in 2012.
http://www.forbes.com/sites/kenrapoza/2014/02/25/average-chinese-getting-richer/