James Carney, a 27-year-old New Yorker, who's been living in southern
Chinese city Shenzhen for the past 16 months, says he's feeling the
pinch from rising living costs.
The American expat, who
works for a local property developer, says the monthly utility bill for
his small one-bedroom apartment has doubled in the last five months.
"Power,
water, building management fees - everything you'd associate with
renting an apartment has gone up big time - it's been really noticeable
in the last four to five months," Carney told CNBC.
"Shenzhen cabs
are the most expensive in China," he added. "To get in a taxi you're
going to go ten feet [and] it's $13 - if you're using a private driver,
that's up as well."
While China's major business centers, Shanghai
and Beijing are known to be among the most expensive cities for expats
in Asia, the cost of living in other, less well-known Chinese cities is
now surging.
The southern Chinese cities of Shenzhen and Guangzhou
jumped a whopping 49 and 34 spots respectively to rank 55 and 56
globally this year when it comes to the most expensive places to live
for expats, according to a recent survey from human resources consulting
firm ECA International.
READ MORE: http://finance.yahoo.com/news/expats-grapple-surging-costs-china-065911317.html
No comments:
Post a Comment