Oct 24

China Watch Blog has learnt that Shanghai was ranked China’s most expensive city for business in 2011.

Shanghai TV tower

According to a list released by Forbes China on Oct. 19, it surveyed a total of 129 cities with a municipal GDP exceeding 43.6 billion yuan in 2010 using five indicators – labour cost, office rent, energy prices, taxes and employee insurance – as cost of doing business.

The survey revealed that Shanghai topped the list in terms of employee insurance coverage, including pension insurance, medical insurance, unemployment insurance and injury insurance, on the Chinese mainland, this top financial city had the second highest rent prices for offices, according to a People’s Daily report.

Due to soaring labor costs, Hangzhou overtook Beijing as the second most expensive city this year.

Qingdao moved up to the 10th most expensive city from the 21st in 2010 because of its rising labor costs, energy prices and employee insurance.

According to the list, the most expensive cities are mainly located in the eastern areas in China. Of the 25 most expensive cities, seven are in the Yangtze River Delta Area.

Leave a Reply

You must be logged in to post a comment.

Custom Search

Other Links

Free Web Directory Including Breaking News Resources, Offer automatic, instant and free directory submissions. Free web directory Directory Free
gardening supplies Shop online at the gardenerscentre for a wide selection of garden and gardening supplies and products at low internet prices and fast home delivery service - gardenerscentre.eu
Media Directory. We are listed under Media Organizations category Newsmedia Directory Hong Kong Directory

Hong Kong Directory - A directory of Hong Kong based and themed web sites


  • Partner links

  • Technorati button