Chinese enterprises have narrowed the gap of salaries with those of companies in developed countries to attract top-end talents. For instance, the average annual salaries have reached 356,700 yuan ($53,968.71) in Shenzhen, 349,600 yuan in Beijing, 328,200 yuan in Shanghai and 295,300 yuan in Guangzhou.
Hangzhou has seen the average annual salary at 282,800 yuan, with the largest annual increase of 31.84 percent, followed by Beijing of 30.09 percent.