25% of Expats in China Make Over US$300,000 a Year

Charles Liu , January 24, 2015 1:37pm (updated)

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Expats living in China may have a thing or two to complain about, but they have certainly picked a lucrative country to work in.

While China is the third-most popular expat destination following Singapore and Switzerland according to a study by HSBC, expats in China earn more here than anywhere else in the world, reports CNN.

The HSBC study says a quarter of expats living in China make an annual salary of over US $300,000 a year. China is described as a place where expats can enjoy better job prospects, pay packages, and lower living costs.

“China is the best place for expats looking to make their money go further, with 76 percent of expats in the country experiencing growth in their spending power once they’ve moved,” the report said

In contrast, a Barclays study showed 47 percent of wealthy Chinese respondents said they planned to move abroad within the next five years.

Photo: Travel Baidu

 

Charles Liu

The Nanfang's Senior Editor