Tuesday, May 11, 2010

China, Shenzhen 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: Shenzhen is a city of sub-provincial administrative status in southern China's Guangdong province, situated immediately north of Hong Kong.

City Economy: Shenzhen is a major manufacturing centre in China and is home to some of China's most successful high-tech companies. Shenzhen's economic output is ranked fourth among Chinese cities after Beijing, Shanghai and Guangzhou.

Cost of Living: Shenzhen 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. Shenzhen is currently ranked 249 overall, most expensive place in the world for expatriates to live, out of 282 international locations.
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