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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
