Chinese economyglobal economy

Shanghai surpasses Hong Kong as the world’s most expensive city for the rich From Julius Baer

The following is the Shanghai surpasses Hong Kong as the world’s most expensive city for the rich From Julius Baer recommended by And this article belongs to the classification: Chinese economy, global economy .

According to the 2021 global wealth and high end living report released by Swiss old private bank Julius Baer on Friday, the Asia Pacific region has become the most expensive place in the world for high end living cost, with Shanghai surpassing Hong Kong as the most expensive city in the world for high end living cost, and Tokyo and Hong Kong ranking second and third respectively.

The high cost of high-end living in the Asia Pacific region is partly due to its rapid recovery from the new coronavirus pandemic, the report said. In contrast, due to the sharp depreciation of the US dollar, the Canadian dollar and Latin American currencies, America has become the cheapest region for high-end living costs.

The report tracks a basket of consumer goods and services that reflect the lifestyle of high net worth people and analyzes their price trends in 25 major cities around the world. In dollar terms, the luxury items with the biggest price drop were women’s shoes (- 11.7%), hotel suites (- 9.3%) and high-end wine (- 5.6%). The biggest increases were business class air tickets (+ 11.4%), whiskey (+ 9.9%) and watches (+ 6.6%).

Overall, however, the cost of high-end lifestyles around the world has only increased by about 1%, with the rich increasingly turning to conscious choices, which may bring fairer prices to producers, the report said.

More reading: Julius Baer: global wealth and lifestyle report 2020 (128 pages) people’s Bank of China: urban depositors questionnaire survey report in the first quarter of 2019 Industrial and Commercial Bank of China dominates Apple’s rise to the top Yiguan International: a comprehensive analysis of the background of the largest IPO in the history of U.S. stocks Total wealth of 4.6 trillion CTA: trade war has caused a total loss of US $1.2 billion in 5g industry in the United States Chinese mainland one billion dollar rich first exceeds the US Bloomberg: August 2015 global stock market “black Monday” decline list

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends. is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button