The Cost of Living Index (CPI) is 30.1, indicating very affordable living costs compared to NYC (100). Groceries (35.5) and restaurants (21.3) are also significantly more affordable.

The Property Price to Income Ratio is 18.2 years, indicating a very expensive housing market. The Rent Index is 9.5, suggesting that renting is also relatively low compared to NYC (100).

A Purchasing Power Index of 106.4 indicates good buying power, suggesting that average incomes provide a higher purchasing capacity than in NYC (100).

China has a progressive individual income tax system with rates ranging from 3% to 45% for residents. The VAT law, effective January 1, 2026, maintains three-tier rates (13%, 9%, 6%). Property tax is still under pilot programs in select cities, with rates typically 0.4%-1.2% of assessed value or 4%-12% of rental income.

China's startup ecosystem is ranked #13 worldwide in 2025, with strong government support for innovation and deep tech. However, the regulatory environment can be complicated, especially for foreign investment, with China ranking 17th most restrictive out of 104 countries in the OECD's 2024 FDI Regulatory Restrictiveness Index.

China has a comprehensive social security system, mandatory for legally employed expats, covering pension, basic medical insurance, unemployment, work-related injury, and maternity/paternity insurance. While public healthcare is widely available, expats often face overcrowding and language barriers, leading many to opt for private insurance. Pension contributions can be withdrawn by expats upon leaving the country.

Deposits in China are protected up to RMB 500,000 (approx. USD 73,200) per depositor per bank under the Deposit Insurance Regulation, launched in 2015. The banking sector is well-regulated, with China implementing Basel III standards and ongoing efforts to strengthen consumer protection through the National Financial Regulatory Administration (NFRA).