The Straits Times
www.straitstimes.com
Published on Dec 12, 2012
 

Chinese cities becoming too costly for expats, thanks to strong currency: Survey

 
 

SINGAPORE (AFP) - Chinese cities now dominate the list of the most expensive places in Asia for expatriate residents due in part to a stronger local currency, a regional survey showed on Wednesday.

Of the top 50 most expensive cities in the region, 16, or 32 per cent, are from China, according to the survey by human resource firm ECA International.

Beijing is Asia's fifth most expensive city, coming after four Japanese cities and followed by Seoul. Last year Beijing was seventh.

Worldwide, the Chinese capital was in 22nd place, up from number 35.