The latest exchange rate of NTD against RMB is 1 NT =0.2229 RMB.
The basic monthly salary of Taiwan Province people is about RMB 8905.5.
The average monthly salary of newcomers in Taiwan Province Province is 272.68 million yuan (NT) (see the figure below).
Extended data
Why are wages so low in Taiwan Province Province? The reason is complicated. But the main reasons are nothing more than a few points.
The first is that the economic structure has long been out of order. In other words, over-reliance on electronic manufacturing industry leads to a serious imbalance in economic structure and a decline in industrial competitiveness. Taiwan Province's electronics industry once stood out from the crowd, but it has been living in the shadow of OEM because it has no core technology. In recent years, the electronic industry in other emerging areas is catching up, which makes the electronic industry in Taiwan Province Province gradually fade away from its former glory. The modern service industry, which should have been well developed, is also in a dilemma because of the small market scale and insufficient innovation drive, which is worrying.
Second, the investment environment on the island has deteriorated. According to media reports in Taiwan Province province, as of early February, there were 20 15, 20 16, 20 1909, 20 167 1 attracting overseas Chinese and foreign investment cases in Taiwan Province province. According to the data of the United Nations World Investment Report, in 20 16, the stock of foreign direct investment in the world's economies accounted for about 35% of GDP on average, while that in Taiwan Province Province of China was only 14.2%, which was obviously low. While foreign capital is decreasing, local enterprises in Taiwan Province Province are constantly leaving, and domestic capital is also losing. Why are foreign-funded enterprises and local enterprises unwilling to invest in Taiwan Province Province? Among many factors, the most fatal problem is the "five shortages"-water shortage, electricity shortage, land shortage, talent shortage and work shortage. The annual reports of the American Chamber of Commerce in Taipei, the European Chamber of Commerce and other organizations constantly reflect that foreign businessmen coming to Taiwan are facing difficulties such as unstable water and electricity supply, insufficient land supply in the central and northern regions, and lack of professional and technical personnel in the central and southern regions.
Thirdly, there are many educational problems in Taiwan Province Province. Some scholars on the island believe that in order to attract students to study in Taiwan Province Province, many soft departments have been set up, resulting in problems in the personnel training structure, and graduates of related departments cannot find jobs. College graduates apply what they have learned and have no skills. In the end, I can only engage in low-level service industries or general administrative work, and I can't get a high salary.
Fourth, Democratic Progressive Party has reversed the history of cross-strait relations. Originally, under the background of deepening cross-strait economic and trade relations, the mainland will provide a stable market environment and a stage of globalization for the adjustment of industrial structure in Taiwan Province Province, and effectively make up for the lack of kinetic energy for the adjustment of industrial structure in Taiwan Province Province to a great extent. However, since Democratic Progressive Party took office, he refused to acknowledge the "1992 understanding" and the fact that both sides of the strait belong to the same China, which led to the suspension of the institutionalized exchange mechanism between the two sides of the strait and the loss of achievements in all aspects of the peaceful development of cross-strait relations.
References:
People's Daily-The "salary situation" in Taiwan Province Province is a bit bad.