Saturday, May 8, 2010

China, Beijing Cost of Living April 2010

Country Full Name: People's Republic of China.

Location: China is in Eastern Asia, bordering the East China Sea, Korea Bay, Yellow Sea, and South China Sea, between North Korea and Vietnam.

Country Climate: Extremely diverse; tropical in south to subarctic in north.

Country Terrain: Mostly mountains, high plateaus, deserts in west; plains, deltas, and hills in east.

Major Languages: Mandarin Chinese.

Major Religions: Buddhism, Christianity, Islam, Taoism.

Country Population: 1327.7 million (2008 est.) 1334.3 million (2009 est.).

Country Economy: 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.

Currency: Chinese Yuan Renminbi (CNY).

Country Inflation: 5.9% (2008 est.) -0.05% (2009 est.).

City: Beijing is a metropolis in northern China and the capital of the People's Republic of China.

City Economy: Beijing is amongst the most developed cities in China with tertiary industry accounting for 73.2% of its GDP. Finance is one of the most important industries of Beijing. Beijing is home to 26 Fortune Global 500 companies, the third most in the world behind Tokyo and Paris.
Cost of Living: Beijing 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. Beijing is currently ranked 110 overall, most expensive place in the world for expatriates to live, out of 282 international locations.
For more cost of living information on China, Beijing