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Expats in China see salary and disposable income increases
| Published: | 19 Nov at 6 PM |
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A recent survey confirmed that expats living and working in China receive higher salaries and enjoye more disposable income than in their home countries.
Yet another sector of the seemingly never-ending results of HSBC’s annual Expat Explorer survey points out that expats working in China are streets ahead of their contemporaries in their home country as regards salaries and disposable income. Almost half of those moving to China expect to earn more after relocation, with 64 per cent seeing financial results which exceeded their expectations.
Better yet, 29 per cent of those surveyed reported that their income had increased by over 50 per cent. China is fast becoming an expat magnet for its quality of life as well as its financial rewards, with 44 per cent saying the quality of life in the country far exceeds what’s available at home.
China’s continuing economic strength saw its place in the survey’s economic league table soar from 19th last year to seventh, with other Asian countries scoring well in the Expat Experience tables. Thailand hit second place for lifestyle experience, with Singapore coming fourth, Malaysia fifth and Hong Kong 12th.
Accommodation, social life and transportation options all contribute to higher scores in the league tables, with Asia in general scoring higher than most European countries and the infrastructure of Hong Kong and Singapore especially appreciated. As regards standards of accommodation, expats in Malaysia, Thailand and Singapore seemed well pleased, although the high prices and limited size of apartments in Hong Kong came in for criticism.
Yet another sector of the seemingly never-ending results of HSBC’s annual Expat Explorer survey points out that expats working in China are streets ahead of their contemporaries in their home country as regards salaries and disposable income. Almost half of those moving to China expect to earn more after relocation, with 64 per cent seeing financial results which exceeded their expectations.
Better yet, 29 per cent of those surveyed reported that their income had increased by over 50 per cent. China is fast becoming an expat magnet for its quality of life as well as its financial rewards, with 44 per cent saying the quality of life in the country far exceeds what’s available at home.
China’s continuing economic strength saw its place in the survey’s economic league table soar from 19th last year to seventh, with other Asian countries scoring well in the Expat Experience tables. Thailand hit second place for lifestyle experience, with Singapore coming fourth, Malaysia fifth and Hong Kong 12th.
Accommodation, social life and transportation options all contribute to higher scores in the league tables, with Asia in general scoring higher than most European countries and the infrastructure of Hong Kong and Singapore especially appreciated. As regards standards of accommodation, expats in Malaysia, Thailand and Singapore seemed well pleased, although the high prices and limited size of apartments in Hong Kong came in for criticism.
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