I saw all these crazy ads on the internet luring people to come make a small fortune teaching in China so curiosity got the best of me. I started digging online, and I have to wonder how the amounts I found on some sites could be so different than all the ads I have been seeing, talking about "great-paying teaching jobs in China".I starting digging even more and then found this report from the Huffington Post (http://www.huffingtonpost.com/2013/10/03/average-teacher-salary-around-world_n_4037534.html). Then I found that more than 90% of these ads were posted by agents and recruiters. So why such a big discrepancy between some reports and the low low salaries being advertised by agents and recruiters?
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How much you earn as a teacher depends on a variety of factors including experience, education, the region you'd be teaching in, and the employer itself.
You also have to be very aware of the pitfalls. Unfortunately, underpaid teachers, unscrupulous employers and agency scams are realities that have to be guarded against. This is something that's going to take a lot more research and digging.
While we wait for an answer from other expats, have a look at our Education and Schools in China page, as well as Working in China to get a feel for the education system and the labour market.
Good luck,
Xavier