Monday, May 10, 2010

China, Hong Kong Cost of Living April 2010

Country Full Name: People's Republic of China. Hong Kong Status: Semi-autonomous, special administrative region 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: Chinese (mainly Cantonese), English (both official).

Major Religions: Buddhism, Taoism.

Country Population: 7.0 million (2008 est.) 7.1 million (2009 est.).

Country Economy: The economy of Hong Kong is characterised by the principle of one country, two systems, whereby Hong Kong runs on economic and political systems different from those of mainland China. Hong Kong is one of the world's leading international financial centres, with a major capitalist service economy characterized by low taxation, free trade and minimum government intervention under the ethos of positive non-interventionism.

Currency: Hong Kong Dollar (HKD).

Country Inflation: 4.3% (2008 est.) -1.0% (2009 est.).

City: Hong Kong is a special administrative region of the People's Republic of China.

City Economy: Hong Kong's highly favorable geographical position and trading opportunities are wealth-generating assets.
Cost of Living: Hong Kong has an overall cost of living index which equates it with high 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. Hong Kong is currently ranked 8 overall, most expensive place in the world for expatriates to live, out of 282 international locations.
For more cost of living information on China, Hong Kong