Core Insights - The average monthly salary in Beijing is 11,937 CNY, while in Shanghai it is 12,434 CNY, showing growth but at a slower rate of 1%-1.5% compared to previous years [2][6] Salary Trends - The average annual salary for 2024 is reported as 143,244 CNY, with a monthly average of 11,937 CNY, reflecting a slight increase from 141,133 CNY in 2023 [4] - The average salary growth rate from 2019 to 2023 was 11.1% annually, but the current growth rate has stabilized at around 1% [6] Regional Comparisons - Other regions such as Zhejiang, Jiangsu, Xinjiang, and Inner Mongolia also show a similar trend of salary increases around 1%-1.5%, indicating a nationwide slowdown in salary growth [6] - Hebei province has experienced a decline in average salary, dropping from 6,534.25 CNY in 2023 to 6,521.67 CNY in 2024, a decrease of 0.19% [6] Social Security Implications - The average salary is crucial for determining the social security contribution base, with the upper limit for contributions in Beijing set to 35,811 CNY/month and the lower limit at 7,162 CNY/month for 2025 [7] - In Shanghai, the upper and lower limits for social security contributions are 37,302 CNY/month and 7,460 CNY/month, respectively [7]