Arab Today, arab today shanghai gets more expensive for expats
Last Updated : GMT 05:49:56
Arab Today, arab today
Arab Today, arab today

Shanghai gets more expensive for expats

Arab Today, arab today

Arab Today, arab today Shanghai gets more expensive for expats

Beijing - XINHUA

Shanghai is the second costliest city in China for expats after Hong Kong, a survey by US human resource consultants Mercer showed yesterday. In world rankings Shanghai comes 14th, up two places from last year, with Hong Kong sixth. The survey, designed to help multinational companies and governments determine allowances for expatriate employees, covers 214 cities and uses New York as a base, measuring costs of housing, transport, food, clothing, household goods and entertainment. \"It is true that the cost of living is growing higher in Shanghai, but at the same time, the city offers improving living conditions that may fit in with the needs of expatriates,\" said Jeffrey Wang, vice president of the Shanghai Foreign Investment Development Board. \"Shanghai is a city that aims to become more and more international.\" Top of the list as the world\'s most expensive city for expats was Luanda, capital of Angola. Its ranking was mainly due to supply problems which meant that goods favored by expats were extremely expensive. Another African city, Chad\'s N\'Djamena, came fourth. Kate Fitzpatrick, a researcher at Mercer\'s London office, said one of the main reasons for the high positions of African cities was their bad infrastructure. She said imported products were expensive in such places and finding secure living accommodation that met the standards of expats was a challenge. Tokyo and Singapore claimed third and the fifth positions on the list while the other cities that made up the top 10 were Moscow (2), Geneva (7), Zurich (8), and Bern and Sydney (both 9). \"Recent world events, including economic and political upheavals, which resulted in currency fluctuations, cost inflation for goods and services, and volatility in accommodation prices have impacted these cities and made them expensive,\" said Barb Marder, a senior partner at Mercer. Another Mercer executive, Nathalie Constantin-Metral, said: \"Overall, the cost of living in cities across parts of Europe has gone up in the ranking as a result of the slight strengthening of local currencies against the US dollar, whereas in Asia about half of the cities went down in the ranking - Japan especially - due to local currencies\' weakening against the US dollar.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today shanghai gets more expensive for expats Arab Today, arab today shanghai gets more expensive for expats

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today shanghai gets more expensive for expats Arab Today, arab today shanghai gets more expensive for expats

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday