China, Shanghai – Cost of Living

The economy of the People’s Republic of China is a rapidly developing and influential market economy. China is the one of the worlds largest economies. China has had the fastest-growing major economy for the past 30 years with an average annual GDP growth rate above 10%. China’s per capita income has likewise grown at an average annual rate of more than 8% over the last three decades drastically reducing poverty.

Shanghai is the largest city in China, and one of the largest metropolitan areas in the world. Located on China’s central eastern coast at the mouth of the Yangtze River, the city is administered as a municipality of the People’s Republic of China with province-level status. Shanghai is often regarded as the center of finance and trade in mainland China. Shanghai also hosts the largest share market in mainland China.

Shanghai has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

Read More

About Xpatulator is a website that provides international cost of living information and calculators that can help you determine cost of living indexes, cost of living allowances, salary purchasing power and international assignment packages to compensate for cost of living, hardship, and exchange rate differences.
This entry was posted in Uncategorized and tagged , , . Bookmark the permalink.