Cost of living rises in cities across China
By Michael Barris and Haidan Hu in New York and He Wei in Shanghai | China Daily | Updated: 2013-02-06 07:38
Global index highlights expense residents of major urban areas face
Shanghai is placed beside New York in a global cost of living index that also confirms Hong Kong's standing as the most expensive Chinese city.
New York is the benchmark city for the survey against which the cost of living in major cities is measured. Prices in Shanghai, on a weighted basis, match it.
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