David T. posted an article on
Mad about Shanghai
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Jul 16, 2011, 12:39 am
According to Mercer, the five most expensive Chinese cities are : Hong Kong, Beijing, Shanghai, Guangzhou and Shenzhen, ranking 9th, 20th, 21st, 38th and 43th, respectively.
New York is 32th.
Get the report here.
At the rate I am seeing, I am not surprised at all.