Posts Tagged ‘Beijing international school’

Beijing 9th Most Expensive City

Wednesday, July 8th, 2009

For RMB2.00 (USD0.30) you can travel to any location on its extensive (and growing) subway network. Lasagna at a good Italian eatery in Beijing’s CBD costs only RMB 70 (USD10). How can BeijingĀ  be more expensive than London? That’s what Mercer LLC’s 2009 Expatriate Cost of Living Survey says.

Beijing rentals droped 15-20% over the last year, but this year’s summer surge in relocations has caused minor rent increases at the more popular housing developments. Waiting lists at WAB & ISB, the city’s two main international schools, have all but disappeared. Yet fees remain static. The survey uses a standard expatriate basket of goods to measure price levels across the globe.

Mercer says the strengthened US dollar (to which the RMB is closely linked) has had a significant effect on rankings. The survey is intended as a guide for assessing expatriate remuneration levels.

Beijing expatriates who buy local products (groceries & petrol) and services (restaurants, drivers & maids) must be smiling.

Read more about Beijing’s expatriate cost of living here: http://www.lihong.biz/beijing-cost-of-living