Lived in Shenzhen for 5 years. Paid my UK mortgage off and planning on buying another outright very soon. In addition, China is unbelievably safe and relentlessly diverse in terms of travel.
China is for saving money to buy property eventually in another country . Nobody wants to stay there for good . Even you Lee one day would go back to the uk with all the monies earned from the ccp
I'll try my best to translate as best as i could. What he's saying is that China runs on a socialist system that is based on public ownership. This advanced system of governance has brought about low cost transportation , food , affordable housing & daily neccessities. The masses know that the government is working for the people. Thanks for reading.
Amerikka bess contri in wurld becas dhey vedi riich an caan freelii priintiing unlimiited poowerphul USD. So Amerikkan cost of liviing is vedi perfek an olmoss free
I went home to NZ after a 6 years being away and was horrified at how expensive everything was, it was outrageous, I went out for dinner on my own and the bill nearly floored me, the cost would have fed my wife and I for over a week here in China, living in China, we don't know how lucky we are
Now things in US and all of Europe has increased so much that most people have to skip eating out or drinking, all those unnecessary costs. Life is tough since Trump and Biden.
When I went to the beautiful city of Shenzhen just before the pandemic, all public transits were free for anyone over 60 including foreigner like myself holding Canadian passport. The underground subway system was clean, safe and efficient. Wish I could retire there.
Thank you for sharing your insight of China. I spent 1 week in Shanghai with work and was taken to The Oriental Pearl Tower for dinner, what a buzz. I was completely blown away by the energy and pace of China. Retired now and will be back for more. 😊
I lived in China for a year back in 2013 and I’m currently back here on holiday. I totally agree that living here provides a far better quality of life than the UK. Unfortunately, due to my career in the UK in a very specific industry I’m not able to do my job in China otherwise I’d move here permanently. It’s a fantastic country with incredibly friendly people and a fascinating culture. I’d also argue that the Chinese government despite its flaws does a better job for the country than any British political party.
I am a British international student who has just graduated and returned to Beijing. When I go out for a meal, I don't even consider the price. In UK, it takes more than 15 pounds to eat anything alone, but in China, 15 pounds can lead to three meals
@@hongluong3427 Bloody hell, the prices gone nuts since 10 years ago I graduated from London and back to China? £230 almost doubled the price we used to pay a decade ago.
In Malaysia, about 10 or 15 years ago, I remember there's a dim sum restaurant, where you can eat as much as you want, for only about less than £10 per person.
Here in Hong Kong, many people go to Shenzhen during weekends to eat, buy things, have fun, because of its good qualities, varieties, and affordable prices.
It’s also very safe in China . I feel so safe as a senior tourist walking by myself around 6 pm in Hangzhou, survey camera everywhere ( it’s like surrounded by police ) I feel very safe , whereas I would not walk around at night in any US cities .
No but the security cameras will deter criminals . China is very straight with crime and criminals will be prosecuted , the security cameras catch most criminals 😁
You absolutely nailed it; council tax, what a daylight robbery. After deducting 20% off my salary and a sizable amount for national insurance, You go home and the council takes another 10% from your salary again.
@@vicsh4581 You should compare your existing insurance company with others. I never just pay every year, but look around & compare. You can save heaps.
I''m and Oz who lives in Vietnam for the last 20 years. I go home to Perth about every 4 months now I'm retired. I was there recently after a 3 year COVID lockout of WA. I was shocked at the high prices of everything. I feel so sorry for renters now. Doctors and dentists are off the planet with their costs, as is insurance. My car insurance for just third party property damage rose by 70% compared to last year and I'm 72 years old and never ever made a claim! The costs in Vietnam are almost idential to those in China. The other things that shocked me upon my return were: LBGTQ profiling, the feminisation of Australia due to pro-female discrimination and quotas, Climate Change nutters everywhere; huge obese women in the shopping malls; and rise of the First Nations profiling, especially due to the Voice vote. If they are not wanting to split Oz, why do they have a separate flag flying next to our national flag? So glad I made the move to Vn where personal freedom is so much greater than in Oz. Cheers.
@@starcorpvncj The Voice referendum is designed to distract people from the submarine deal. Australia can't afford it. Future generations will be indebted. Regarding the Voice, I'll vote Informal. Such a waste of money.
£500 = $620 rent in Shenzhen Similar apartment in San Francisco rent should be about $4,500. The funny thing is that your rent paid in Shenzhen adds $7,500 a year in China GDP but that in San Francisco is counted as $52,000 added to US GDP. Also if you step out of your apartment in San Francisco, you see dozens homeless, trash piles, urine smell, faeces. Shoplifting in neighborhood shops, car jacking ect.. ect..
Yes, this is exactly why RAW GDP is not an accurate measure, much more accurate is PPP. Another example is that it costs me about US$ 10.00 to see a doctor here, I guess it costs way more in the US?
@@BarrettYTHere in U.K. you contribute lots from your salaries via tax and national insurance, you don’t even know who your doctor is. And it is hard to see your GP( call at 8:30am and switchboard engaged all the time!!). I rather pay as you go. And to get hospital appointments for acute cases, you wait years now (7.9m on waiting lists!).
Living in the US costs so much because labor cost expensive, and add tips, tax, etc. Based on survey, that to live in China is about 25-50% cheaper in the US. I think it is under estimated. My son is in Colorado State Medical school, it costs about $50K US/year. In China is about $8K/year. No wonder our health insurance is so high. 1/2 of the Americans don't have $500 saving in bank. Living in the US is high cost, but low quality.
Tipping is such a scam -- a subsidy to an underpaid employee that a customer has to shoulder due to an inescapable social pressure. Tipping to encourage better service is total bullocks. You may experience a better service when ordering a $10 sandwich than eating a $40 meal at the restaurant but you'd be tipping four times less for the former than for the latter.
Toronto private pre-K day school, Tuition is CAD30,000 per school year. My friend's son in private boarding high school near Toronto, tuition including boarding is CAD77,000 per year as a foreign student, about CAD67,000/school year for Canadian citizens.
We are going to Guangzhou on Monday for the first time in 4 years it will be interesting how things have changed. He in Aus we would not eat out much so looking forward to trying many new places and we hope to get the hi-speed trains to as many places as possible 😊
@@BarrettYT no my wife is Chinese so going back to see her family and to chill out and travel as soooo long since we did so, not sure if we will be going to Shenzhen yet but my do. Will try and catch up with Jerry Grey if possible have you met him?
@@LW78321 It used to be that the cheapest foods outside cooking at home, is in a fast-food restaurant like MacDonalds for a burger. However. with a Big Mac in Australia costing around $5.00 plus a large fries at $4.00 and a medium coke at $4.35 you are paying over AUD $13.00 total for a simple, unhealthy meal these days, it is not even affordable to eat out in a fast-food restaurant which students on a tight budget used to frequent. A pack of instant noodles used to cost AUD$0.25 cents now cost over $1.25. Life is becoming too expensive to support living.
A lot of things in China are offered as public service (HSR, public transport, healthcare, education) instead of for-profit businesses. Which I'd argue are important aspects of human rights. One's freedom of movement, health and mental development shouldn't be commodities that are up for grab.
😁😁😁The Owner of this channel, I know that when you were in China, the Communist Party gave you better treatment than ordinary citizens. Chinese women would like to pay money to marry you in order to emigrate. what country are you from ? You quickly tear up your passport, become a Chinese citizen, and change it to a Chinese passport. Only in this way can you reflect your true love for mainland China.
I agree with you. I live in the uk and winter is coming. Many pensioners are in fear of switching on the central heating. The food people are buying are unheathy but its cheaper.
May I know how much it costs for heating ,food and other expenses during the winter months? Apart from China you may want to consider a holiday in Malaysia. £1200 a month should comfortably cover all your expenses and have enough for entertainment and travel to other parts of the country. And almost everyone speaks English.
$589 USD/month to rent a 140 meters^2 or 1506 ft^2. That is great. I live in the USA, and my property tax and home owners insurance fee is about $845 USD/month. This isn't including the mortgage, with a mortgage it would come out to $4940/month if you add property tax and insurance. I was thinking about moving to China, it costs so much to live in the USA.
@@BarrettYT I heard it was much safer in China as well. Living in the US is pretty stressful. People here chase money; however, most people never become very wealthy. It is a dream that they follow which in my view is just an illusion.
Li, many people say that the CCP has no opposition party and is a dictatorship. In fact, the entire West is an opposition party to the CCP and supervises the CCP’s governance.@@BarrettYT
@TakeTheRedPillOfTruthAndAwaken The problem with living in Russia is that they don't have good infrastructure around the country, and its economy is less developed compared to China. They have less people, so it would be much more difficult to make a profitable business to sustain yourself there. If you are a foreigner, you will not be able to work in either Russia or China. The most important thing you have to establish when you live in another country is finding a way to make money, so you can find a place to live and pay your bills.
I lived in the US for thirty plus years, I visited china almost every year except the COVID-19 years, this year when I visited china, What shocked me the most is that the total inflation is only about 20-30 from 2019-2023, a stark contrast to the more than double of basic living cost in USA.
For entirely locally produced (i.e. not imported or not made with significant % of imported parts/materials) goods and services, the inflation is probably even lower - if anything, China has been trying to ward off DE-flation since 2021. For imported goods, prices would have gone up for the simple reason of currency exchange rate and disrupted supply chain due to the Ukraine crisis.
On my journey learning Chinese, I went to the mainland last month for 30 days, and going back next week for another (the max my visa allowed)... I couldn't have believed how cheap things are, and how nice it is. I'm in Taiwan now, and love it here too. Life compared to UK is completely different. Totally safe, totally reasonable prices... friendly, no druggies everywhere like UK. I love it here!
Thanks for that interesting video, with comparisons. We have a friend who works for a delivery company in Beijing Head Office and earns about £70k in UK money. Today, my wife and 2 of her friends went to an excellent restaurant in Shandong area and paid 300 yuan for 6 great dishes, including Beijing Duck, plus drinks. However, back home in Gloucestershire, there's an excellent Thai restaurant we go to, which has kept their prices fairly stable and usually charge about £20 for the 2 of us. But our electricity bill for a 1 bed flat in Uk, costs us about £130 a month, whereas my wife's mum's 4 bed flat in Shandong is about £30 a month.
A restaurant like that in downtown Toronto (relatively upscale and good food) costs over $90 CAD for two people to eat. The average cost for a Chinese dish is $15.99-$21.99 depending on the type. If your going upscale Chinese is about $21-$50 per dish.
I live in the centre so I pay about the same as you for rent for a one bedroom apartment. The rest of the outgoings are as you say, much cheaper. At home in the uk dairy foods are cheaper than here, but the supermarkets do that to get you into the shops. Nice and detailed video. 👍
When I was in Hong Kong at the beginning of 2020 I went with a group of friends to Zhuhai to view a few new apartments there. I was amazed to find that a newly built, fully furnished 3-bedroom apartment with all the mod cons in a complex with landscape garden for under ¥2 million (£200,000)!
Live in the US Bay Area. Price is ridiculous. Politicians are totally not up to par. Crime, cost of living...noone dares to walk outside at night in Oakland or San Francisco.
In China Electricity is 0.5 Yuan (0.069 USD)/kWh. Water is 2 Yuan (0.29 USD)/ton. Gas by pipeline is 3 Yuan (0.42 USD)/m³. The prices are already after tax. A regular family spends 300-500 yuan (42-70 USD)/month on this. It depends on your AC.
It’s true, IT and AI related jobs. Plus, china has way more such job opportunities to begin with. It’s said that China is 4million AI related jobs short and doing massive recruitment around the world.
There used to be a reality show in China where celebrities' wallets were confiscated by the program team, leaving only the program team's activity funds. As a result, they were forced to take a taxi back at night, and the half hour drive cost everyone a week's living expenses. This can be reported to the police in China, but it is a normal price in Europe
Excellent video Mr Barrett, thanks. As someone who lives in the UK but has spent much time in China, I can confirm everything said. If anything, the case is understated. I spent most of my time in Dongguan, a second tier city, and it is considerably cheaper than Shenzhen.
I think affordability is an important part of freedom and "human right". Affordability in the UK, Canada, the US, Germany is way behind that in Shenzen adjacent to Hong Kong.
I was in China four months ago, I can't tell you how surprised I was about almost everything. Hospitality, food and lots and lots. I didn't have to pay for hotels since friends would pay for it. When it comes to food, you will lose count of the variety and taste. I felt as if I've come to Mars. We never paid more than £20 for any hotel.
Contemplating China's high-speed train systems, which the Chinese government heavily subsidizes for the public's benefit, millions of people can travel within 24 hours to engage in a popular activity known as 'eating all Chinese dishes in a day.'
On the topic of food inflation you would not believe how bad it is on the low end. Pre-pandemic an average mcdonalds meal in australia would cost just over $10, now its hovering at $15. In 3 years inflation has increased as much as 50%. for essentials, its terrifying.
WoW 102 pounds for 4 persons was considered cheap to you That's more than RM550 in my country Malaysia Over here you can have at least 6 dishes including fish & meat dishes for 6 persons in a fancy restaurant for less than RM300-Rm400
I live with my 89year father in Kajang, Malaysia. Both of us don't use AC at all. We only use fans. Our electricity bill is RM30/usd6.35/£5.18 per month. Malaysia is very good for retirement.
Local councils are cashing in Russia has cheap gas * electricity is 130 RMB / month ! USA is a ripoff ! Prices chasing wages , wages chasing prices, productivity is extremely low that is pay more for less & Less !
@@inkbold8511 China is not North Korea and no one is interested in your data. Unless you are a BBC&CNN rumour. But foreigners may have a little more paper work when entering China.
I live in Shanghai. My electricity bill is 60rmb per month when AC is 24/7. 20rmb per month when not using AC. 20rmb per month for gas. 4rmb/ton for water. 99rmb for 500m Wi-Fi and 80g/month 5G data and 800minutes/month call that you can share with your family(there’re much cheaper ones you can choose).
My student loan was 24000rmb. 4500rmb per year for tuition fees 600rmb per year for dorms. Paid back the loan in a year after my graduation. So there’s no interest. Only after one year of graduation they start to count interest.
The purchasing power of Canadian dollars is disgraceful! As someone who does all the grocery shopping from 16-22 in Canada, I can tell you for a fact! The inflation and shrinkflation is ridiculous. A machine made, very underwhelming baozi averages $1.50-$2.00+tax *tips if it’s from a restaurant* That is for ONE baozi. Dumplings and wontons also average around 0.80-1.50 each. Flavor and size is not great, texture sucks. I’ve had better premade bagged grocery dumplings than the ones at the store. I’ve had Chinese mainlanders who never left China telling me how lucky we are to make $3,000 a month (15,000 RMB) But if you look at purchasing power, there is nothing admirable about living in Canada. A studio apartment in the more convenient areas are over $3,000 a month! Even if you share with another person (no bedroom) it’s still not cheap. You’ll have to be lucky enough to find a decent place that is rent controlled, and is available to rent…even then more than half your monthly expenses are for rent and utilities. Groceries are insanely expensive right now, before I could spend $400 a month eating plenty of healthy food. Now a small steak costs me $15-$20, a pineapple from Costco is $6.50, bell peppers are $13 for 6 small bell peppers. I live in TORONTO!!!! Where food shipping costs shouldn’t be that expensive due to denser population. Shoppers is selling a tiny watermelon for $7.99 😢that’s 40 RMB for a watermelon the size of a grapefruit. And its not very tasty. You can’t even afford a McDonald’s combo meal WITH A COUPON on an hourly wage. Because you have to pay income tax. a large bag of chips is over $6 and a Costco size bag of chips is over $12 🙄this also isn’t “normal” inflation, even during the pandemic food prices were not this high. For 2017-halfway through 2022. A pineapple would fluctuate between $1.99-$3.29 depending on the season. Now it’s consistently $4.99-$6, unless there’s a sale ($3 per pineapple) I used to eat avocados semi frequently, 5 large avocados would range from $7-$10 depending on the season. Now I get either tiny bruised avocados (with a huge pit) for $8 or large ones for $10-$14. GDP and average salary is not a good or realistic measurement of people’s lives. Purchasing power is the better indicator
I live a 2nd tier city and rent is 2000 cny = $280 a month. 3 bedroom apaetment. In US, it will be at least $3000/mo. It is very healthy damcing in many areas from 7 to 9pm everyday. In the US, i can go inside Safeway for a walk at night. Lunch in US costs about $28 = 200cny. In China, a full lunch costs around 40cny. In US, taxes on everything and tips, and..... In China, I get some breaks .....
On a slightly unrelated note, Rishi Sunak supports sending British troops to both Ukraine and Kosovo, it seems to me that he's very concerned if the proxy war in Ukraine comes to an end.
Because China do not have to import vegetables and fruits that’s why food and restaurant maybe cheaper. Unlike here in California a lot of vegetables are from Mexico or Canada and prices are marked up
The most ridiculous cost in UK is the £5 drop of charge in all airports. Just to stop for one minute. Plus £12.50 if your vehicle does not meet the emissions going to Heathrow.
Would not have minded paying all those taxes and more taxes if the collected revenue is spent back on the people from whom the taxes have been collected instead of being wasted in frivolous political ventures and supporting foreign wars and foreign interests.
Well on that wall behind you I could grow full flavoured strawberries - 10 chips a day all year round - Hydroponics under lights - full setup cost = 5 meals out - All the stuff you need - I get from China ... It takes 30 minutes a day ... so what could you trade for 10 chips a day? Before long you'd have half the block growing produce under lights in their homes and setting up a market at the front doors ...
@@Lu-MingPan-b5w - I don't care, He's Got A Wall, all I'm looking for is a clear space and a power supply for lights - Small amount of Water and a few chemicals readily available in China ... after that all I'd be looking for is about 500 neighbours that want to grow Strawberries with me and build a Market
OK, I have to comment here, I have lived in Shenzhen for 12 years now and the rent you are paying is unusually low, you must be living quite far on the outskirts of Shenzhen so your rent costs do not reflect the average cost of rent in Shenzhen certainly not the centre or original part of Shenshen. An apartment of 149sqm in Nanshan could set you back 15 to 20k and if you had a sea view that would be over 40k. When I moved out of Nanshan the rent was 5k for 2 bedrooms 45sqm one bathroom and a poky little kitchen so small you had to walk out to change you mind. I live out in Shajing north of the airport and 80sqm will set you back 6k to 8k in the new buildings and if you are lucky like me to live in an older building with a really nice landlord I pay just under 3.5k for 50sqm 2 bedrooms house.
eating out is so much cheaper in china. a bowl of beef noodles would cost me 25 usd in america, in a food court! for that money i can go for a all you can eat seafood buffet in shanghai!
Can foreigner buy house in China ? If I leave China , can I sell that property? Hi Barret, would you consider do a video about foreigner buying house or land in China?
Same as Canada. I only know if i retired in Shanghai, I can receive around 10000RMB ($2000CAN). Avg Canada retiree CPP ($CDN800) + Max. Old age security ($700), maybe +100/200 Supplement. So almost same. But cost way higher than China.
Just scrolled through the recommended videos after watching yours. UA-cam recommends that negative serpent instead of anything positive about China. Luckily I have been here long enough to know the truth.
@BTS-zq2vy Serpent is still vloging antichina garbage as his audience loves it but at the same time he also vlog about homeless people how he hates seeming them etc etc in USA... I'm sure his audience are just loving whatever hate his sprouting. FYI I know homeless people is epidemic here but there is no need to spread hate.
Hi Barrettt! Thank you for making this video, really helpful. I want to ask you, how is the medical insurance issues in China? can you buy your own insurance or you have to pay out-of-pocket? Second, I want to do import/export in china, what cities do you think is the best for these kind of things? and lastly, do I have to learn Chinese language in order to do business in China? Thank you in advance, really appreciate it.
It’s certainly cheap and there is no doubt about it but it comes at the expense of many people earning a very low wage. In the UK the minimum hourly wage is £11.44 or around £1700 a month after taxes. I would love you to do a video rather than how inexpensive it is but as a percentage of peoples earnings. The two biggest expenses in the UK are definitely rent and council tax, as unlike China which went mental on overbuilding in the UK they didn’t build enough purely to keep house prices high.
I married a Chinese woman early this year. We came back to Australia for. 6 months have now sold my house and in the process of selling everything and returning to China to retire and enjoy life and I’m 56. Could I do this in Australia ? NO WAY IN THE WORLD COULD I.
Thanks for this info Lived in North Thailand lived like a queen for 2years but looking to work n live in Guangzhou next year, want to leave Texas USA livn near poverty here. Thanks it helps😊
❤❤❤❤ China's cost of living is so low and everything is so cheap that this drags down its nominal GDP. Actually China's economy is much larger than that of the USA. China's PPP GDP (Purchasing Power Parity GDP) is $33 trillion while that of rhe USA is only $27 trillion. The PPP GDP is a much more accurate measure of a country's economy than the norninal GDP because what you can buy locally with a given amount of local currency is far more relevant than what you can get with the same amount of money in a distant foreign country. 😊😊😊😊 For obvious reason none of the Western media ever mention the PPP GDP when talking about China's economy BUT WHAT REALLY ANNOYS ME IS THAT EVEN CHINA'S MEDIAS DO NOT EMPHASIZE THE FACT THAT CHINA'S ECONOMY IS MUCH LARGER THAN THAT OF THE USA IN PURCHASING POWER PARITY TERMS. 😢
Chinese like to play it in a humble way. Besides, per capita wise, Chinese GDP is still low even with PPP. That keeps it as a developing country with all the benefits from it for cross-country trades. Hint: it costs less to ship a 1 kilo parcel from China to my home in Toronto than to mail a postcard across the street to my friend in Toronto which once took 18 days to arrive when I tried.
Have you notice how dry Chinese news are? Literally talking like robot without any emotions and yes it's very neutral in their news takes but at the same time makes it too boring to follow. Thank good news for people like Lee and many other UA-cam who give great news about China without being so dry and robotic.
In the west, private utilities companies always increasing their prices and shafting people all the time. Politicians suggesting people to wear layers at home and use blankets like in Canada.
Except in the searing heat of summer months when you need your A/C and can only remove so many layers of clothing to keep cool before it become indecent. 😂
Beyond comparison between UK and China!! This was one reason why l emigrated to Australia, nice atmosphere, not so congested like sooty London underground!! Enjoy your stay and reap the benefits of a progressive China....what a wonderful world!!!❤❤❤
compare the rents over there is much cheaper than renting in UK London! my son renting a room for his studies in London Camden is over £2000 per month, which is exclusive gas, electricity and council tax. after he graduated and he will having a huge amount of debts, if he luck could found a job straight away otherwise he will end up without job.. The government should let people retired at age 65, then youngest could have a job.
Here in the UK even buying on ETSY and Amazon is beyond belief even buying from artisans in China is one tenth that in the UK and that includes delivery.
I can more or less answer your question, first you need to be at least one of the following types of expat, working-visa holder, foreign expert (in certain field invited by the Chinese side), foreign resident (Green card holder), foreign student studying in China, or journalist. Then you can apply for the medical insurance like any other Chinese citizens, the coverage of the costs for medical uses and expenses depend on where you stay and what kind of MI you pay in advance. Normally Chinese citizens pay less than 300 RMB/month even in tier-one cities like Shenzhen for the basic MI, I don't think foreigners would need to pay much more than that. Take Shenzhen for example, due to the laws, working class need to pay at least 0.55% of the salaries for the basic MI, or you can choose to pay up to 0.8% to 8% for premium ones. And the company that hires you need to cover 75% of the total. Eventually the MI system would covers at least 75% of your bills in hospitals (Most of the cases, because very few of rare diseases are not included into the MI system yet). Hope it helps.
Overall, efficiency is the most important. I have heard about too many appointments in the UK, where colds develop into pneumonia, while in China, diagnosis, blood tests, CT scans, medication, and treatment can be done in half a day. In the absence of medical insurance, the cost in China is less than 300RMB, which is much cheaper than some self funded individual projects in Europe.
@@cheungchingtong Thank you so much! But how about foreigners who want to retire in China? Can they buy Chinese local healthy insurance? Or do any insurance companies in China offer policies to foreigners?
@@wlee3400 Retire you mean to work in China and then retire there or stay in China as resident after your retirement elsewhere? Because residency in China (Green Card) is quite hard to get.😅 You should know that the MI I was talking about is provided by the government, not by private insurance companies, but if you want to purchase any of those, there might be some conditions you need to fulfill, such as long-term consistent staying for at least 180 days in Mainland China, etc, certain details you better go searching online than asking me lol. Two mega state-owned insurance companies are China Ping An and China Life, you can google and see if you can find English pages for your information.
@@wlee3400As long as you choose to see a doctor in a public hospital, I don't think it will cost you too much even if you don't buy insurance. According to statistics, China's per capita health spending is 1/30 of that of the United States (this is just the overall statistics). And I think the doctors in Chinese public hospitals are more efficient, more experienced and more skilled. Note: I'm talking about public hospitals. Public hospitals are always more authoritative than private hospitals in China. Most people who are only pregnant when recuperating, dental treatment, plastic surgery, choose to seek treatment in private hospitals.
One of the costs of being antagonistic with your #1 trading partner and brothers. Ukraine also destroyed their own economy (and more) by not only cutting ties with Russia but also being hostile towards Russians and Ukrainian-Russians. Will Taiwan be Ukraine #2?
Four Baozhi for two yuan and a bag of soy milk in Wushan Chongqing in 2014. Big spicy and delicious Baozhi for breakfast and then 1 yuan for the bus to the school I taught. Amazing!
With regards to Thatcher selling off the Utilities in the UK, that was a crime of Treason. Relate this to the game of Monopoly, you never sell your Utility cards/ properties. I am in the UK at the moment but am a PR of Canada. I have not found one point with regards to your video that I can argue against. I have subscribed.
The cost of living here in Australia is rising so fast and does not look like slowing. Over the last 20 prices increased in the way we expected, however around three years ago they stated increasing faster and in larger amounts, it has never been this bad.
Lived in Shenzhen for 5 years. Paid my UK mortgage off and planning on buying another outright very soon.
In addition, China is unbelievably safe and relentlessly diverse in terms of travel.
Nice one
Exploiting the chinese communism hè, like almost all emigrants in the EU, working for buying home at home.😊.😊😊😊
Delusional AF!
China is for saving money to buy property eventually in another country . Nobody wants to stay there for good . Even you Lee one day would go back to the uk with all the monies earned from the ccp
I visited China twice and I agree with you! Life is great in China🇨🇳 👍
中国是个社会主义国家，公有制经济是主题。所以你说享受的低价的交通出行，丰富的食物，便宜的房租以及物美价廉的日用品都得益于这套先进的政治经济制度-----那一双看得见的手在掌控着利益分配，保证生产资料不被少数人通过看不见的手随意攫取。不知道你来自哪里也不知道你能不能看懂我的中文。祝好！来自深圳的爱。
@@劉沛-l3l I am extremely sorry, I can't read Mandarin 😥
I'll try my best to translate as best as i could. What he's saying is that China runs on a socialist system that is based on public ownership. This advanced system of governance has brought about low cost transportation , food , affordable housing & daily neccessities. The masses know that the government is working for the people. Thanks for reading.
What a rejected n0nce. Great work baby towers. Please
Amerikka bess contri in wurld becas dhey vedi riich an caan freelii priintiing unlimiited poowerphul USD. So Amerikkan cost of liviing is vedi perfek an olmoss free
I went home to NZ after a 6 years being away and was horrified at how expensive everything was, it was outrageous, I went out for dinner on my own and the bill nearly floored me, the cost would have fed my wife and I for over a week here in China, living in China, we don't know how lucky we are
We don't know how lucky we are... This is very true indeed.
I am a Chinese and live now in Auckland , everything here is so expensive and being increased day by day...
Now things in US and all of Europe has increased so much that most people have to skip eating out or drinking, all those unnecessary costs. Life is tough since Trump and Biden.
What happened in NZ is same as in Australia , the cost of living increases daily.
Feck me. You turned your back on parents and your son. We generally laugh laugh lightly about bummingham. You are a dirty slag
When I went to the beautiful city of Shenzhen just before the pandemic, all public transits were free for anyone over 60 including foreigner like myself holding Canadian passport. The underground subway system was clean, safe and efficient. Wish I could retire there.
Thank you for sharing your insight of China. I spent 1 week in Shanghai with work and was taken to The Oriental Pearl Tower for dinner, what a buzz. I was completely blown away by the energy and pace of China. Retired now and will be back for more. 😊
I lived in China for a year back in 2013 and I’m currently back here on holiday. I totally agree that living here provides a far better quality of life than the UK. Unfortunately, due to my career in the UK in a very specific industry I’m not able to do my job in China otherwise I’d move here permanently. It’s a fantastic country with incredibly friendly people and a fascinating culture. I’d also argue that the Chinese government despite its flaws does a better job for the country than any British political party.
I am a British international student who has just graduated and returned to Beijing. When I go out for a meal, I don't even consider the price. In UK, it takes more than 15 pounds to eat anything alone, but in China, 15 pounds can lead to three meals
I treated my family to dim sum in the uk for 9 people it cost me £230 Inc tips
@@hongluong3427 Bloody hell, the prices gone nuts since 10 years ago I graduated from London and back to China? £230 almost doubled the price we used to pay a decade ago.
@@cheungchingtong yeah i know, i remember the pirces being shy of £100 for 9 people inc tips it would be just over £100 NOT by much
@hongluong3427 It cost me about $150 for dim sum for 3 person table.
In Malaysia, about 10 or 15 years ago, I remember there's a dim sum restaurant, where you can eat as much as you want, for only about less than £10 per person.
Here in Hong Kong, many people go to Shenzhen during weekends to eat, buy things, have fun, because of its good qualities, varieties, and affordable prices.
It’s also very safe in China . I feel so safe as a senior tourist walking by myself around 6 pm in Hangzhou, survey camera everywhere ( it’s like surrounded by police ) I feel very safe , whereas I would not walk around at night in any US cities .
so are the cameras going to jump off and save you ? lol
No but the security cameras will deter criminals . China is very straight with crime and criminals will be prosecuted , the security cameras catch most criminals 😁
You absolutely nailed it; council tax, what a daylight robbery. After deducting 20% off my salary and a sizable amount for national insurance,
You go home and the council takes another 10% from your salary again.
You are so right, actually it is 24 hours robbery
Triple taxing 😂 and now in the US we are being taxed for anything 2nd hand use stuff that we sold and receive over $600 a year for.
Great comparisons! Everything is so expensive in Australia - food, petrol, rent, housing.. It's out of control
so true....about to renew my car insurance this month, and it's 12.5% more than last year.... ffs
Yes, I live in Adelaide & grocery shopping is so expensive. I can't afford meat anymore. I used to buy steaks, but can't now.
@@vicsh4581
You should compare your existing insurance company with others. I never just pay every year, but look around & compare. You can save heaps.
I''m and Oz who lives in Vietnam for the last 20 years. I go home to Perth about every 4 months now I'm retired. I was there recently after a 3 year COVID lockout of WA. I was shocked at the high prices of everything. I feel so sorry for renters now. Doctors and dentists are off the planet with their costs, as is insurance. My car insurance for just third party property damage rose by 70% compared to last year and I'm 72 years old and never ever made a claim!
The costs in Vietnam are almost idential to those in China. The other things that shocked me upon my return were: LBGTQ profiling, the feminisation of Australia due to pro-female discrimination and quotas, Climate Change nutters everywhere; huge obese women in the shopping malls; and rise of the First Nations profiling, especially due to the Voice vote. If they are not wanting to split Oz, why do they have a separate flag flying next to our national flag? So glad I made the move to Vn where personal freedom is so much greater than in Oz. Cheers.
@@starcorpvncj
The Voice referendum is designed to distract people from the submarine deal. Australia can't afford it. Future generations will be indebted.
Regarding the Voice, I'll vote Informal. Such a waste of money.
£500 = $620 rent in Shenzhen
Similar apartment in San Francisco rent should be about $4,500.
The funny thing is that your rent paid in Shenzhen adds $7,500 a year in China GDP but that in San Francisco is counted as $52,000 added to US GDP.
Also if you step out of your apartment in San Francisco, you see dozens homeless, trash piles, urine smell, faeces. Shoplifting in neighborhood shops, car jacking ect.. ect..
Yes, this is exactly why RAW GDP is not an accurate measure, much more accurate is PPP. Another example is that it costs me about US$ 10.00 to see a doctor here, I guess it costs way more in the US?
@@BarrettYTHere in U.K. you contribute lots from your salaries via tax and national insurance, you don’t even know who your doctor is. And it is hard to see your GP( call at 8:30am and switchboard engaged all the time!!). I rather pay as you go. And to get hospital appointments for acute cases, you wait years now (7.9m on waiting lists!).
Even if you are living in your own house, Us government still counts the potential renting price of your house towards the GDP.
GDP means a lot only because governments tax calculation is directly linked to it.
@@jinniwindSo If I cook my own food in UK, it is counted in GDP as if I dine in a Restaurant
Living in the US costs so much because labor cost expensive, and add tips, tax, etc. Based on survey, that to live in China is about 25-50% cheaper in the US. I think it is under estimated. My son is in Colorado State Medical school, it costs about $50K US/year. In China is about $8K/year. No wonder our health insurance is so high. 1/2 of the Americans don't have $500 saving in bank. Living in the US is high cost, but low quality.
Tipping is such a scam -- a subsidy to an underpaid employee that a customer has to shoulder due to an inescapable social pressure. Tipping to encourage better service is total bullocks. You may experience a better service when ordering a $10 sandwich than eating a $40 meal at the restaurant but you'd be tipping four times less for the former than for the latter.
不是8000美元是8000人民币
Toronto private pre-K day school, Tuition is CAD30,000 per school year. My friend's son in private boarding high school near Toronto, tuition including boarding is CAD77,000 per year as a foreign student, about CAD67,000/school year for Canadian citizens.
Some of that is very true baby towers.
@dee-vee luckily you can enjoy your high income taxes, wonderful diets and beautiful ladies of not so Great Britain.
We are going to Guangzhou on Monday for the first time in 4 years it will be interesting how things have changed. He in Aus we would not eat out much so looking forward to trying many new places and we hope to get the hi-speed trains to as many places as possible 😊
Great, are you going for Canton fair?
@@BarrettYT no my wife is Chinese so going back to see her family and to chill out and travel as soooo long since we did so, not sure if we will be going to Shenzhen yet but my do. Will try and catch up with Jerry Grey if possible have you met him?
Eating out in Melbourne can be anywhere from $60-100aud a couple these days!
Enjoy all the delicious meals out in China!
@@LW78321 It used to be that the cheapest foods outside cooking at home, is in a fast-food restaurant like MacDonalds for a burger. However. with a Big Mac in Australia costing around $5.00 plus a large fries at $4.00 and a medium coke at $4.35 you are paying over AUD $13.00 total for a simple, unhealthy meal these days, it is not even affordable to eat out in a fast-food restaurant which students on a tight budget used to frequent. A pack of instant noodles used to cost AUD$0.25 cents now cost over $1.25. Life is becoming too expensive to support living.
Great video! Would love the idea of living in China for awhile.
A lot of things in China are offered as public service (HSR, public transport, healthcare, education) instead of for-profit businesses.
Which I'd argue are important aspects of human rights. One's freedom of movement, health and mental development shouldn't be commodities that are up for grab.
China offers freedom as a tangible benefit while USA offers freedom as an abstract concept.
Also regular daily consuming commodities, like food and fruits.
😁😁😁The Owner of this channel, I know that when you were in China, the Communist Party gave you better treatment than ordinary citizens. Chinese women would like to pay money to marry you in order to emigrate. what country are you from ? You quickly tear up your passport, become a Chinese citizen, and change it to a Chinese passport. Only in this way can you reflect your true love for mainland China.
@@beijingrenzaibeimei Having bad time in NA? Just can't help yourself to let off steam?
@@cheungchingtong 😁😁You come to my home in the United States and you will know that there is indeed a poor person between you and me.
I agree with you. I live in the uk and winter is coming. Many pensioners are in fear of switching on the central heating. The food people are buying are unheathy but its cheaper.
May I know how much it costs for heating ,food and other expenses during the winter months? Apart from China you may want to consider a holiday in Malaysia. £1200 a month should comfortably cover all your expenses and have enough for entertainment and travel to other parts of the country. And almost everyone speaks English.
@@teohct1 How hot is Malaysia? I'd love to move but do not tolerate heat and humidity well.
Extremely hot and extremely humid
Lee should live a much happier life in China than in England in view of the food and living costs.
A good and informative video. Thank you for posting. You could have also compared income tax between the UK and China....this would be interesting.
To be fair, I'm not that familiar how the tax system works here, however what I do know is that it's lower than UK tax for sure.
$589 USD/month to rent a 140 meters^2 or 1506 ft^2. That is great. I live in the USA, and my property tax and home owners insurance fee is about $845 USD/month. This isn't including the mortgage, with a mortgage it would come out to $4940/month if you add property tax and insurance.
I was thinking about moving to China, it costs so much to live in the USA.
Crikey, that is high indeed.
@@BarrettYT I heard it was much safer in China as well.
Living in the US is pretty stressful. People here chase money; however, most people never become very wealthy. It is a dream that they follow which in my view is just an illusion.
"I was thinking about moving to China"
Same here.
Li, many people say that the CCP has no opposition party and is a dictatorship. In fact, the entire West is an opposition party to the CCP and supervises the CCP’s governance.@@BarrettYT
@TakeTheRedPillOfTruthAndAwaken The problem with living in Russia is that they don't have good infrastructure around the country, and its economy is less developed compared to China.
They have less people, so it would be much more difficult to make a profitable business to sustain yourself there. If you are a foreigner, you will not be able to work in either Russia or China.
The most important thing you have to establish when you live in another country is finding a way to make money, so you can find a place to live and pay your bills.
Lived I Beijing for a few years and if you live with the locals it's cheap as chips!! And safe as houses 😍
I lived in the US for thirty plus years, I visited china almost every year except the COVID-19 years, this year when I visited china, What shocked me the most is that the total inflation is only about 20-30 from 2019-2023, a stark contrast to the more than double of basic living cost in USA.
For entirely locally produced (i.e. not imported or not made with significant % of imported parts/materials) goods and services, the inflation is probably even lower - if anything, China has been trying to ward off DE-flation since 2021. For imported goods, prices would have gone up for the simple reason of currency exchange rate and disrupted supply chain due to the Ukraine crisis.
Your background looks better than before 😊😊
Thank you
On my journey learning Chinese, I went to the mainland last month for 30 days, and going back next week for another (the max my visa allowed)... I couldn't have believed how cheap things are, and how nice it is. I'm in Taiwan now, and love it here too. Life compared to UK is completely different. Totally safe, totally reasonable prices... friendly, no druggies everywhere like UK. I love it here!
Thanks for that interesting video, with comparisons. We have a friend who works for a delivery company in Beijing Head Office and earns about £70k in UK money. Today, my wife and 2 of her friends went to an excellent restaurant in Shandong area and paid 300 yuan for 6 great dishes, including Beijing Duck, plus drinks. However, back home in Gloucestershire, there's an excellent Thai restaurant we go to, which has kept their prices fairly stable and usually charge about £20 for the 2 of us. But our electricity bill for a 1 bed flat in Uk, costs us about £130 a month, whereas my wife's mum's 4 bed flat in Shandong is about £30 a month.
A restaurant like that in downtown Toronto (relatively upscale and good food) costs over $90 CAD for two people to eat. The average cost for a Chinese dish is $15.99-$21.99 depending on the type. If your going upscale Chinese is about $21-$50 per dish.
I live in the centre so I pay about the same as you for rent for a one bedroom apartment. The rest of the outgoings are as you say, much cheaper. At home in the uk dairy foods are cheaper than here, but the supermarkets do that to get you into the shops.
Nice and detailed video. 👍
When I was in Hong Kong at the beginning of 2020 I went with a group of friends to Zhuhai to view a few new apartments there. I was amazed to find that a newly built, fully furnished 3-bedroom apartment with all the mod cons in a complex with landscape garden for under ¥2 million (£200,000)!
I live and work in the city can't buy a 2 -bedroom flat for £200k
@@hongluong3427 , he is talking about Zhuhai, not Shenzhen. I believe his number is correct based on my visits to friends in Zhuhai.
how much money do you think an ordinary Chinese can make in Zhuhai?2￡ an hour
Live in the US Bay Area. Price is ridiculous. Politicians are totally not up to par. Crime, cost of living...noone dares to walk outside at night in Oakland or San Francisco.
No tipping required at restaurants in China. Here in Canada they want at least 15% of the total bill.
i heard it is now 20-25% in the US.
Such a scam! 15% is usually on top of the taxes. So, in provinces with both fed and provincial taxes, it's around +30% of the menu prices.
I thought tipping was only a thing in the US, didn't realise you had to in Canada too
Uk is around d 12.5% service charge included in the overall cost.
In Canada, I believe the minimum tip is 18% now. 😅
In China Electricity is 0.5 Yuan (0.069 USD)/kWh. Water is 2 Yuan (0.29 USD)/ton. Gas by pipeline is 3 Yuan (0.42 USD)/m³. The prices are already after tax.
A regular family spends 300-500 yuan (42-70 USD)/month on this. It depends on your AC.
A ton of water in my city only costs 0.5 US dollars per ton. The price is different in different cities in China.
Great video Barrett, love this kind of content, very interesting.Thanks for sharing.
Glad you enjoyed it
Excellent Video Barret. All you said is true. Very well done, living in China is a great choice!
Much appreciated!
Takecare Barrett, enjoy your living in China.@@BarrettYT
I saw a comparison of IT salaries between China and Japan that showed that averages in China now exceed those in Japan.
It’s true, IT and AI related jobs. Plus, china has way more such job opportunities to begin with. It’s said that China is 4million AI related jobs short and doing massive recruitment around the world.
Absolutely agree. Same with US. That's why I'm seriously considering going back to China after I retire.
From London Heathrow to central London is not very far but the black cab fare cost me nearly £100 and that was about 10years ago.
Same experience!
There used to be a reality show in China where celebrities' wallets were confiscated by the program team, leaving only the program team's activity funds. As a result, they were forced to take a taxi back at night, and the half hour drive cost everyone a week's living expenses. This can be reported to the police in China, but it is a normal price in Europe
Excellent video Mr Barrett, thanks. As someone who lives in the UK but has spent much time in China, I can confirm everything said. If anything, the case is understated. I spent most of my time in Dongguan, a second tier city, and it is considerably cheaper than Shenzhen.
When it come to food, there is nothing comparable to China~😂
I think affordability is an important part of freedom and "human right". Affordability in the UK, Canada, the US, Germany is way behind that in Shenzen adjacent to Hong Kong.
Thanks for revealing the true value of economic wealth of a country. 👍👍😊.
Eating and dinning out are much cheaper in China. We should say the inflation problems are more serious in Canada here😢
I think in the west public has been mislead by private owned is better than state owned. State owned will benefit public greatly than private owned.
I was in China four months ago, I can't tell you how surprised I was about almost everything. Hospitality, food and lots and lots.
I didn't have to pay for hotels since friends would pay for it. When it comes to food, you will lose count of the variety and taste. I felt as if I've come to Mars. We never paid more than £20 for any hotel.
Contemplating China's high-speed train systems, which the Chinese government heavily subsidizes for the public's benefit, millions of people can travel within 24 hours to engage in a popular activity known as 'eating all Chinese dishes in a day.'
On the topic of food inflation you would not believe how bad it is on the low end. Pre-pandemic an average mcdonalds meal in australia would cost just over $10, now its hovering at $15. In 3 years inflation has increased as much as 50%. for essentials, its terrifying.
Good breakdown!
Thank you for your informative video🙏👍🙏
My pleasure
WoW 102 pounds for 4 persons was considered cheap to you That's more than RM550 in my country Malaysia
Over here you can have at least 6 dishes including fish & meat dishes for 6 persons in a fancy restaurant for less than RM300-Rm400
No, I was saying 102 pounds in he `uk is expensive... and that its much less in China
I live with my 89year father in Kajang, Malaysia. Both of us don't use AC at all. We only use fans. Our electricity bill is RM30/usd6.35/£5.18 per month. Malaysia is very good for retirement.
Local councils are cashing in Russia has cheap gas * electricity is 130 RMB / month ! USA is a ripoff ! Prices chasing wages , wages chasing prices, productivity is extremely low that is pay more for less & Less !
Love your video as always 加油!
The cost of living here in Canada is sky high too! Me and my wife are considering retire or partially retire in China, like Gweilo 60.
I like the Government owning of essential services in China.
As it should be for all countries, many things should be operating for the benefit of the people not for profit!
Please share advice on obtaining banking services, paying taxes and finding healthcare insurance for foreigners in China in a future video.
I heard it's extremely hard to even get a phone with data as they require you to give passports ID and stamps and stuff.
@@inkbold8511 China is not North Korea and no one is interested in your data. Unless you are a BBC&CNN rumour. But foreigners may have a little more paper work when entering China.
@@inkbold8511 I mean handing in some documents doesn't sound "extremely hard" to me. A lot more bureaucratic than in other places but totally doable.
I live in Shanghai. My electricity bill is 60rmb per month when AC is 24/7. 20rmb per month when not using AC. 20rmb per month for gas. 4rmb/ton for water. 99rmb for 500m Wi-Fi and 80g/month 5G data and 800minutes/month call that you can share with your family(there’re much cheaper ones you can choose).
My student loan was 24000rmb. 4500rmb per year for tuition fees 600rmb per year for dorms. Paid back the loan in a year after my graduation. So there’s no interest. Only after one year of graduation they start to count interest.
In US every things so expensive and low quality food and bad services people just fade up over here.
The purchasing power of Canadian dollars is disgraceful! As someone who does all the grocery shopping from 16-22 in Canada, I can tell you for a fact! The inflation and shrinkflation is ridiculous. A machine made, very underwhelming baozi averages $1.50-$2.00+tax *tips if it’s from a restaurant*
That is for ONE baozi. Dumplings and wontons also average around 0.80-1.50 each. Flavor and size is not great, texture sucks. I’ve had better premade bagged grocery dumplings than the ones at the store. I’ve had Chinese mainlanders who never left China telling me how lucky we are to make $3,000 a month (15,000 RMB)
But if you look at purchasing power, there is nothing admirable about living in Canada. A studio apartment in the more convenient areas are over $3,000 a month! Even if you share with another person (no bedroom) it’s still not cheap. You’ll have to be lucky enough to find a decent place that is rent controlled, and is available to rent…even then more than half your monthly expenses are for rent and utilities. Groceries are insanely expensive right now, before I could spend $400 a month eating plenty of healthy food. Now a small steak costs me $15-$20, a pineapple from Costco is $6.50, bell peppers are $13 for 6 small bell peppers. I live in TORONTO!!!! Where food shipping costs shouldn’t be that expensive due to denser population. Shoppers is selling a tiny watermelon for $7.99 😢that’s 40 RMB for a watermelon the size of a grapefruit. And its not very tasty. You can’t even afford a McDonald’s combo meal WITH A COUPON on an hourly wage. Because you have to pay income tax. a large bag of chips is over $6 and a Costco size bag of chips is over $12 🙄this also isn’t “normal” inflation, even during the pandemic food prices were not this high. For 2017-halfway through 2022. A pineapple would fluctuate between $1.99-$3.29 depending on the season. Now it’s consistently $4.99-$6, unless there’s a sale ($3 per pineapple)
I used to eat avocados semi frequently, 5 large avocados would range from $7-$10 depending on the season. Now I get either tiny bruised avocados (with a huge pit) for $8 or large ones for $10-$14. GDP and average salary is not a good or realistic measurement of people’s lives. Purchasing power is the better indicator
I live a 2nd tier city and rent is 2000 cny = $280 a month. 3 bedroom apaetment. In US, it will be at least $3000/mo. It is very healthy damcing in many areas from 7 to 9pm everyday. In the US, i can go inside Safeway for a walk at night. Lunch in US costs about $28 = 200cny. In China, a full lunch costs around 40cny. In US, taxes on everything and tips, and..... In China, I get some breaks .....
On a slightly unrelated note, Rishi Sunak supports sending British troops to both Ukraine and Kosovo, it seems to me that he's very concerned if the proxy war in Ukraine comes to an end.
Because China do not have to import vegetables and fruits that’s why food and restaurant maybe cheaper.
Unlike here in California a lot of vegetables are from Mexico or Canada and prices are marked up
Your analysis is really good. All your analysis is like that. Thanks for your effort. It helps us a lot.
The most ridiculous cost in UK is the £5 drop of charge in all airports. Just to stop for one minute. Plus £12.50 if your vehicle does not meet the emissions going to Heathrow.
Would not have minded paying all those taxes and more taxes if the collected revenue is spent back on the people from whom the taxes have been collected instead of being wasted in frivolous political ventures and supporting foreign wars and foreign interests.
Great information 👍👍👍👍
I heard some prices in the West are insane because of the sanctions. Gas in the US here is ~$6 a gallon where I live. It is nearly unlivable
Here when you eat out, you pay 15% tax + 20% tips, on top of the food prices what had risen about 20 to 40% the last few years
Well on that wall behind you I could grow full flavoured strawberries - 10 chips a day all year round - Hydroponics under lights - full setup cost = 5 meals out - All the stuff you need - I get from China ... It takes 30 minutes a day ... so what could you trade for 10 chips a day?
Before long you'd have half the block growing produce under lights in their homes and setting up a market at the front doors ...
It's a mural, not a real brick wall.😁
@@Lu-MingPan-b5w - I don't care, He's Got A Wall, all I'm looking for is a clear space and a power supply for lights - Small amount of Water and a few chemicals readily available in China ... after that all I'd be looking for is about 500 neighbours that want to grow Strawberries with me and build a Market
OK, I have to comment here, I have lived in Shenzhen for 12 years now and the rent you are paying is unusually low, you must be living quite far on the outskirts of Shenzhen so your rent costs do not reflect the average cost of rent in Shenzhen certainly not the centre or original part of Shenshen. An apartment of 149sqm in Nanshan could set you back 15 to 20k and if you had a sea view that would be over 40k. When I moved out of Nanshan the rent was 5k for 2 bedrooms 45sqm one bathroom and a poky little kitchen so small you had to walk out to change you mind.
I live out in Shajing north of the airport and 80sqm will set you back 6k to 8k in the new buildings and if you are lucky like me to live in an older building with a really nice landlord I pay just under 3.5k for 50sqm 2 bedrooms house.
eating out is so much cheaper in china. a bowl of beef noodles would cost me 25 usd in america, in a food court! for that money i can go for a all you can eat seafood buffet in shanghai!
Can foreigner buy house in China ? If I leave China , can I sell that property? Hi Barret, would you consider do a video about foreigner buying house or land in China?
Renting a 3 bedroom house in Ireland cost 2500 to 3000 euro per month 😱😱holy moly..
This is almost enough to eat for a year in China
中国的教育成本也很低，我大学一年学费是5000人民币，住宿费好象是1200一年，大学内的食堂都比较便宜。我家庭不好，申请了助学金，每年还可以获得3000元的补助。政府还提供助学贷款，直到你毕业后才开始归还并计算较低利息
有人说收入的问题，我们小区楼下服务员一个月3000元(低薪工作)，工作两个月可以负担大学一年学费，请问美国可以做到吗？
我家小孩读加州医学院每年大約要6萬美元，不包括住宿與餐飲，政府今年給予學生最好的利息要8%左右。😂
@@JwWang-kf2ks 天，上學成本好高，你們辛苦了。
我上学的时候学费一年4500
我当年贷款了24000人民币 包括学费和住宿费 还有剩余的自己花了 然后毕业第一年就还完了贷款😂
而且越好的学校学费越低，国内一流顶尖院校的学费在所有本科院校中算最低的档次。
Same as Canada. I only know if i retired in Shanghai, I can receive around 10000RMB ($2000CAN). Avg Canada retiree CPP ($CDN800) + Max. Old age security ($700), maybe +100/200 Supplement. So almost same. But cost way higher than China.
CHINA IS BEAUTIFUL COUNTRY .
EU has boycotted Russian energy but EU buy Russian energy from a third party LOL 😂. Informative video 👍
Just scrolled through the recommended videos after watching yours. UA-cam recommends that negative serpent instead of anything positive about China. Luckily I have been here long enough to know the truth.
So ridiculous of YT to recommend that channel...
Thought that Serpent went to America. Didn't know that he is still around trying to poison UA-cam.
It has always been an American company, with shareholders being government chaebols
@@BTS-zq2vy - more poisonous than ever. Just a look at the titles UA-cam recommended and I knew how hate filled and anti-Chinese the videos would be.
@BTS-zq2vy Serpent is still vloging antichina garbage as his audience loves it but at the same time he also vlog about homeless people how he hates seeming them etc etc in USA... I'm sure his audience are just loving whatever hate his sprouting.
FYI I know homeless people is epidemic here but there is no need to spread hate.
Hi Barrettt!
Thank you for making this video, really helpful. I want to ask you, how is the medical insurance issues in China? can you buy your own insurance or you have to pay out-of-pocket? Second, I want to do import/export in china, what cities do you think is the best for these kind of things? and lastly, do I have to learn Chinese language in order to do business in China? Thank you in advance, really appreciate it.
It’s certainly cheap and there is no doubt about it but it comes at the expense of many people earning a very low wage. In the UK the minimum hourly wage is £11.44 or around £1700 a month after taxes. I would love you to do a video rather than how inexpensive it is but as a percentage of peoples earnings. The two biggest expenses in the UK are definitely rent and council tax, as unlike China which went mental on overbuilding in the UK they didn’t build enough purely to keep house prices high.
Nice video thanks 👏👏👏👏👏
Love your videos sir❤
I married a Chinese woman early this year. We came back to Australia for. 6 months have now sold my house and in the process of selling everything and returning to China to retire and enjoy life and I’m 56. Could I do this in Australia ? NO WAY IN THE WORLD COULD I.
Thank you for this report
Very Welcome
Thanks for this info Lived in North Thailand lived like a queen for 2years but looking to work n live in Guangzhou next year, want to leave Texas USA livn near poverty here. Thanks it helps😊
❤❤❤❤ China's cost of living is so low and everything is so cheap that this drags down its nominal GDP. Actually China's economy is much larger than that of the USA. China's PPP GDP (Purchasing Power Parity GDP) is $33 trillion while that of rhe USA is only $27 trillion. The PPP GDP is a much more accurate measure of a country's economy than the norninal GDP because what you can buy locally with a given amount of local currency is far more relevant than what you can get with the same amount of money in a distant foreign country. 😊😊😊😊 For obvious reason none of the Western media ever mention the PPP GDP when talking about China's economy BUT WHAT REALLY ANNOYS ME IS THAT EVEN CHINA'S MEDIAS DO NOT EMPHASIZE THE FACT THAT CHINA'S ECONOMY IS MUCH LARGER THAN THAT OF THE USA IN PURCHASING POWER PARITY TERMS. 😢
I agree 100 percent
Chinese like to play it in a humble way. Besides, per capita wise, Chinese GDP is still low even with PPP. That keeps it as a developing country with all the benefits from it for cross-country trades. Hint: it costs less to ship a 1 kilo parcel from China to my home in Toronto than to mail a postcard across the street to my friend in Toronto which once took 18 days to arrive when I tried.
Have you notice how dry Chinese news are? Literally talking like robot without any emotions and yes it's very neutral in their news takes but at the same time makes it too boring to follow. Thank good news for people like Lee and many other UA-cam who give great news about China without being so dry and robotic.
In the west, private utilities companies always increasing their prices and shafting people all the time. Politicians suggesting people to wear layers at home and use blankets like in Canada.
Except in the searing heat of summer months when you need your A/C and can only remove so many layers of clothing to keep cool before it become indecent. 😂
Beyond comparison between UK and China!! This was one reason why l emigrated to Australia, nice atmosphere, not so congested like sooty London underground!! Enjoy your stay and reap the benefits of a progressive China....what a wonderful world!!!❤❤❤
Very informative, thank you
Glad it was helpful!
compare the rents over there is much cheaper than renting in UK London!
my son renting a room for his studies in London Camden is over £2000 per month, which is exclusive gas, electricity and council tax.
after he graduated and he will having a huge amount of debts, if he luck could found a job straight away otherwise he will end up without job..
The government should let people retired at age 65, then youngest could have a job.
在中国目前女性是50或者55退休，男性是60。
"Virtue Signalling" is a very expensive activity.
Lee, you are living the Chinese dream. I'm jealous.
Here in the UK even buying on ETSY and Amazon is beyond belief even buying from artisans in China is one tenth that in the UK and that includes delivery.
wages are also a lot lower in china, wow!
Lee, could you let us know how the medical insurance and expenses are like if a foreigner lives in China? Many thanks!
I can more or less answer your question, first you need to be at least one of the following types of expat, working-visa holder, foreign expert (in certain field invited by the Chinese side), foreign resident (Green card holder), foreign student studying in China, or journalist. Then you can apply for the medical insurance like any other Chinese citizens, the coverage of the costs for medical uses and expenses depend on where you stay and what kind of MI you pay in advance. Normally Chinese citizens pay less than 300 RMB/month even in tier-one cities like Shenzhen for the basic MI, I don't think foreigners would need to pay much more than that.
Take Shenzhen for example, due to the laws, working class need to pay at least 0.55% of the salaries for the basic MI, or you can choose to pay up to 0.8% to 8% for premium ones. And the company that hires you need to cover 75% of the total. Eventually the MI system would covers at least 75% of your bills in hospitals (Most of the cases, because very few of rare diseases are not included into the MI system yet).
Hope it helps.
Overall, efficiency is the most important. I have heard about too many appointments in the UK, where colds develop into pneumonia, while in China, diagnosis, blood tests, CT scans, medication, and treatment can be done in half a day. In the absence of medical insurance, the cost in China is less than 300RMB, which is much cheaper than some self funded individual projects in Europe.
@@cheungchingtong Thank you so much! But how about foreigners who want to retire in China? Can they buy Chinese local healthy insurance? Or do any insurance companies in China offer policies to foreigners?
@@wlee3400 Retire you mean to work in China and then retire there or stay in China as resident after your retirement elsewhere? Because residency in China (Green Card) is quite hard to get.😅
You should know that the MI I was talking about is provided by the government, not by private insurance companies, but if you want to purchase any of those, there might be some conditions you need to fulfill, such as long-term consistent staying for at least 180 days in Mainland China, etc, certain details you better go searching online than asking me lol. Two mega state-owned insurance companies are China Ping An and China Life, you can google and see if you can find English pages for your information.
@@wlee3400As long as you choose to see a doctor in a public hospital, I don't think it will cost you too much even if you don't buy insurance. According to statistics, China's per capita health spending is 1/30 of that of the United States (this is just the overall statistics). And I think the doctors in Chinese public hospitals are more efficient, more experienced and more skilled. Note: I'm talking about public hospitals. Public hospitals are always more authoritative than private hospitals in China. Most people who are only pregnant when recuperating, dental treatment, plastic surgery, choose to seek treatment in private hospitals.
Thanks for sharing.
Thanks for watching!
Prices in Taiwan, China have also increased by 40%😭
VOA 是垃圾,
One of the costs of being antagonistic with your #1 trading partner and brothers. Ukraine also destroyed their own economy (and more) by not only cutting ties with Russia but also being hostile towards Russians and Ukrainian-Russians. Will Taiwan be Ukraine #2?
China is getting cheap Russian gas now. So your power bill should be very low.
Yes, China and India buying up Russian oil and gas at a discount to the market, meanwhile EU and UK paying much more through 3rd parties.
Informative video.
Which area of SZ do you live where I can get to city centre (Futian District) in 15 minutes? I was looking at Longhua, but it's more like 40.
Four Baozhi for two yuan and a bag of soy milk in Wushan Chongqing in 2014. Big spicy and delicious Baozhi for breakfast and then 1 yuan for the bus to the school I taught. Amazing!
I do believe Huawei provides some savings for state-owned telcom in China too!
With regards to Thatcher selling off the Utilities in the UK, that was a crime of Treason. Relate this to the game of Monopoly, you never sell your Utility cards/ properties. I am in the UK at the moment but am a PR of Canada. I have not found one point with regards to your video that I can argue against. I have subscribed.
Do not just use air-con 24/7, needs to air the house daily to prevent build up of small amount of radioactive gas releases from concrete.
True.
The cost of living here in Australia is rising so fast and does not look like slowing. Over the last 20 prices increased in the way we expected, however around three years ago they stated increasing faster and in larger amounts, it has never been this bad.