Monday, May 10, 2010

China, Macao Cost of Living April 2010

Country Full Name: People's Republic of China. Macau 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), Portuguese (both official).

Major Religions: Buddhism, Christianity.

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

Country Economy: The economy of Macao is characterised by the policy of one country, two systems, by which the Central People's Government is responsible for Macao's defense and foreign affairs, while Macao maintains its own legal system, police force, monetary system, customs policy, immigration policy, and delegates to international organisations and events. The territory has thriving industries such as textiles, electronics and toys, and a notable tourist industry. This makes it one of the richest cities in the world.

Currency: Macau Pataca (MOP).

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

City: The Macao Special Administrative Region is one of the two special administrative regions of the People's Republic of China, the other being Hong Kong.

City Economy: Macao's economy is based largely on tourism, much of it geared toward gambling. Other chief economic activities in Macau are export-geared textile and garment manufacturing, banking and other financial services. The clothing industry has provided about three quarters of export earnings, and the gaming, tourism and hospitality industry is estimated to contribute more than 50% of Macau's GDP, and 70% of Macau government revenue.
Cost of Living: Macao has an overall cost of living index which equates it with low 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. Macao is currently ranked 257 overall, most expensive place in the world for expatriates to live, out of 282 international locations.
For more cost of living information on China, Macao