Expat China News

Latest 10 news items tagged China

20 Apr at 6 PM 2018

Shanghai expat community gives its view on its members

Expat communities aren’t always one big, happy family, according to a recent Shanghai media survey. Shanghai is officially the most popular Chinese mega-city for expats, with literally several hundred thousand making up the expatriate community. The vast majority are enriching the city with their contributions, but what do expats in general think about their co-inhabitants? Nowhere’s perfect, and every community has its rogue elements committing indecent, immoral and even unlawful behaviour. The good, the bad and the...
16 Apr at 6 PM 2018

Cyprus golden visas spur huge hike in property prices

A new report has revealed the Mediterranean island of Cyprus is now a favourite location for expat property investors. The recently-released Cyprus Real Estate Marker Report shows real estate purchased by foreign buyers in 2017 has soared over the 2016 totals by 33 per cent. Limassol and Paphos were the most popular locations on the island for buyers from overseas, with purchases in the two regions making up almost three-quarters of the island’s total foreign transaction-related real estate revenue. Sales in Limassol were mostly...
11 Apr at 6 PM 2018

Thai property developers competing to provide sheltered complexes for elderly expats

Thailand has been a popular retirement destination for some years, attracting Western expats from the USA and UK as well as from other first world countries. As with a good number of other world countries, Thailand is an ageing society due mainly to a huge fall in birth rates. It’s also an increasingly favoured destination for elderly expats looking for warm weather, good service and a reasonable cost of living. Healthcare is important, with private hospitals setting up to deal with the demand from both expat retirees and the ageing...
23 Mar at 6 PM 2018

Shanghai expat becomes accidental entrepreneur after launching WeChat group

Shanghai’s expat community is known for its entrepreneurial spirit, with necessity often the mother of invention and occasionally resulting in a successful business idea. One young American expat arrived in the city some seven years ago, settling in a large apartment and building his new life in a very unfamiliar country. Just over a year ago he decided to move to a smaller apartment, but couldn’t bear to just throw away everything he couldn’t fit into his new lifestyle. A social media enthusiast, he decided to set up a WeChat...
22 Mar at 6 PM 2018

Best international cities for elite luxury rentals

For the mega-rich looking for a luxury home, New York, London and Tokyo have the best choice. For those with millions or even trillions stashed offshore, the world’s their oyster, with the pearls as regards luxury properties found in Tokyo, London and New York City. As well as boasting premier luxury developments, the attractions, events, facilities and luxury brand shops in these three destinations give those with real money to spend a taste of heaven, even although property prices have soared over the past several years. Costs...
20 Mar at 6 PM 2018

Indian millionaire exodus due to regulatory overkill

If you’re a multimillionaire, you can live where you please but, for the Indian mega-rich, the grass is definitely greener overseas than in the home country. Over the past four years, almost 23,000 millionaires have deserted India for fresh fields and overseas pastures new, according to research co-ordinated by an internationally famous wealth management firm. The survey took in 150,000 mega-wealthy expat Indians and analysed the reasons why a good proportion were happier elsewhere in the world. Unsurprisingly, the motivation to...
15 Mar at 6 PM 2018

Cryptocurrencies win support from China and Russia

Expats pinning their financial hopes on digital currencies can take some encouragement from China and Russia’s begrudging acceptance of the online money. Expatriates eager to invest in cryptocurrencies in spite of their unregulated volatility may have been offered some slight reassurance by Russia and China’s take on the wildly fluctuating crypto-coins. China, the planet’s second largest economy, was the first to comment via its central bank, saying an eventual move to a true digital economy is inevitable although policy makers...
14 Mar at 6 PM 2018

Beijing eateries restricted to serving 10 expats at any one time

Expats living in Beijing’s student accommodation district were confused as police ordered bans on more than 10 expats in any one restaurant at any time. Wudaoku district is a popular location for expats a well as for students as it’s well supplied with restaurants serving Chinese food at affordable prices and is located conveniently for Peking University. As the country geared up for the National Peoples’ Congress, media reports began to come in of police visits to eateries instructing them not to serve more than 10 foreign...
6 Mar at 6 PM 2018

Second passport schemes now popular with high net worth UAE nationals

As obtaining residency in first-world countries is getting harder, second citizenship programmes are coming to the fore in the Arab States. High-net worth UAE residents are increasingly turning to second passport applications as being granted long-stay visas in Western countries gets even tougher. Citizenship programmes are now being seen as the only way to enjoy visa-free travel in order to expand business opportunities as well as moving finances without investigation. As always, Chinese nationals are first in the queue, followed by...
27 Feb at 6 PM 2018

Dubai expats love the social life as much as the high wages

Dubai scores high in the latest expat survey, winning praise for its job prospects and active social life. Dubai is well known in the expat world for its high salaries and job prospects in general, but the results of the latest survey suggest it’s not just all work and no play. Given the chance to earn a generous, tax-free salary and boost one’s career prospects at the same time, few upwardly-mobile expat professionals would refuse, even if the lifestyle wasn’t to their liking. Dubai, it seems, now provides a buzzing social...