Cost of Living: China vs. the United States
Recently many commodity prices have reached a record high degree in China; the inflation has reached unbearable level. We take a look at prices of the USA and China and let us see which nation’s goods are cheaper.
Recently, a post goes viral online among Chinese netizens, it says that according to the purchasing power, the living cost of China has exceeded that of the United States.
In order to objectively and fairly examine if China’s prices are higher or lower than the USA, the author investigated commodity prices and family food expenditures with an American friend.
In 2010, American’s average annual income is USD36,300 and Chinese USD4,700 , the United States is almost 8 times of China.
In order to have a clear comparison, here we suppose Chinese can earn the same income with Americans -8,000 a month, let us make a comparison.
In China Mercedes-Benz E-RMB320, 980000, equivalent to 10 years wages for Chinese.
A three-bedroom rent in China, about 2000
In China, RMB2000 is not enough.
In China at least RMB30,000.
In China the same thing costs RMB20.
In China a large birthday cake RMB200.
In China a box of Haagen-Dazs: RMB60
In China, Holiday Inn: RMB800
In China to fill a tank of gas: RMB300
250 square meters in China: about RMB5 million.
In China you can do the same thing with as much as RMB5000.
Movie in China: RMB80
Buy a cashmere sweater in China: almost 1,000 yuan.