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Updated: Sep 29, 2018
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Human Resource Cost
Hefei has strong R&D capabilities as well as a large labor pool. The average annual salary of a local employee is roughly $8,911.
Average Annual Salary of Employee |
|
Industry |
Average Annual Salary ($) |
Accommodation & catering |
5,261 |
Real estate |
9,128 |
Wholesale & retail |
7,538 |
Manufacturing |
8,234 |
Construction |
7,749 |
Information communication, software & IT services |
10,914 |
Finance |
11,568 |
Cost of Water, Electricity and Natural Gas
Price of Utilities |
|
Utilities |
Price ($) |
Water |
|
Domestic |
0.39/ton |
Industry |
0.40/ton |
Electricity |
|
Domestic |
0.09/kwh |
Industry |
0.15/kwh |
Natural Gas |
|
Domestic |
0.35/m3 |
Industry |
0.54/m3 |
Cost of Highway and Railway Transportation
Destination |
Highway |
Railway |
||
Fees ($)* |
Time (Hour) |
Fees ($)* |
Time (Day) |
|
Shanghai |
730 |
7 |
468 |
3 |
Nanjing |
347 |
3 |
234 |
2 |
Beijing |
1,102 |
16 |
719 |
5 |
Guangzhou |
1,389 |
18 |
702 |
7 |
Note: * Transportation cost refers to the fees needed for transporting each 20-foot standard container. (Data from Sinotrans)
Cost of Water Transportation
Harbor |
Distance to Hefei and Time Needed |
Cost to Harbor |
Wuhu |
174 km, 12 hours |
10-20 RMB/T |
Nanjing |
242 km, 16 hours |
20-22 RMB/T |
Shanghai |
676 km, 50 hours |
30-32 RMB/T |
Note: The exchange rate between US dollars ($) and Chinese Yuan (yuan) used in this report is $1= 6.6 yuan
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