fredag 9. april 2021

Shanghai Is Now The Most Expensive City In The World

China is forecast to become the world's biggest economy by 2028, but its commercial capital is already there: Shanghai is now the most expensive city in the world. Such is the amount of private wealth in Shanghai that exclusive purchases there are now more expensive than anywhere else in the world, including Hong Kong, the former world's most expensive city. These purchases include "degustation" dinners, lawyers and business class flights, according to Julius Baer, which looked at the cost of "a basket of goods and services that reflect the HNWI lifestyle."

The Swiss bank wants to know what its clients—the super-rich—buy and how much it costs them in various cities around the world. Among its curious findings was that treadmills are more expensive in Shanghai than anywhere else, but health insurance is cheaper. London is the most expensive place for Lasik and New York for hotel rooms.