Shanghai is extremely wealthy... even if you don't account for the accounting tricks played by china with their currency. Have you ever been? It's like being transported into the future.
Apparently 20-30% cheaper than places in CA for most things, but to buy an apartment it's more expensive.
Apparently 20-30% cheaper than places in CA for most things, but to buy an apartment it's more expensive.
Wages are 75% or so cheaper in Shanghai, but purchasing power is 66.36% lower too... http://www.numbeo.com/cost-of-living/compare_cities.jsp?coun...