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Beijing, Shanghai, Guangzhou and Shenzhen are ranked among top 50 most expensive cities to live in.
Beijing, Shanghai and Guangzhou are ranked top 10 costliest cities in Asia. International consulting firm ECA has recently published its annual list of the world's most expensive cities for expatriate staff.
In the report, Caracas, Venezuela is No.1 most expensive city for expatriate staff. Tokyo topped the list among Asian countries. The four cities of China have all moved up on the list, ranked respectively 15, 18, 38 and 40.
The company looks at the cost of an "international lifestyle" including meals, clothing, groceries, and basic expenses, but not housing, which is presumably covered by your multinational employer. According to this report, Caracas, Venezuela, Luanda, Angola and Oslo, Norway are top 3 costliest cities.
Overall, European countries like Norway and Switzerland have high price levels and therefore are ranked higher on the list. Scandinavian countries like Norway, Denmark, Sweden and Finland are all among top 20. Moscow places No.12, higher than China cities. Traditional "expensive" cities like Paris and Manhattan are No. 29 and No. 33, below Beijing and Shanghai but above Guangzhou and Shenzhen.
Top ten Asian cities are Tokyo, Beijing, Nagoya, Shanghai, Yokohama, Seoul, Osaka, Hong Kong, Singapore and Guangzhou. The report also surveyed some of the common goods. These data show that in Beijing, a movie ticket costs 90 RMB, the price is lower than Tokyo, but more expensive than in Hong Kong, which is about 30 RMB, 40 RMB more expensive than Singapore. Gas in Beijing is about 8.3 RMB per liter, cheaper than Tokyo, Hong Kong and Singapore.
