Saturday, June 28, 2008

Cost of Living in Beijing

I've learned some things about the cost of living in Beijing. It seems a house in Beijing runs around 14,000 RMB per square meter (that's around $2,000 US pre square meter). However, housing outside the city is around 3,500 RMB per square meter (around $500 per square meter). This means a 2,000 square foot house would cost around $240,000 in Beijing and the same house would cost around $60,000).

To make matters even more difficult, the average annual income for a Chinese family is only 30,000 RMB (around $4,500 per year). This kind of money makes owning real property difficult, almost impossible for most...

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