Chinese cities move up on expensive list for expats
China is becoming more expensive for expatriates, according to a survey.
Mercer’s annual Cost of Living Survey, now in its 21st year, ranked the cost of living for expats based on a basket of goods, from rent and transport to costs of burgers and jeans, in 207 cities around the globe to help companies and policymakers calculate the cost for their employees.
Hong Kong rose from third to second place this year. On average, Chinese cities climbed 18 spots backed by the stronger yuan. Shanghai rose from 10th to sixth, Beijing from 11th to seventh, Shenzhen from 17th to 14th and Guangzhou from 24th to 15th. China now has three cities in the top 10 and nine cities in the top 30.