The average monthly wage in Shanghai is about $1,047. Today, we look at what it’s like to live on that. Plus: The Fed and business leaders are puzzled by the economy, but consumers don’t seem to mind.
People do their morning exercises in front of the skyline of the Lujiazui Financial District in Pudong in Shanghai on December 1, 2015. AFP PHOTO / JOHANNES EISELE / AFP / JOHANNES EISELE (Photo credit should read JOHANNES EISELE/AFP/Getty Images)
China’s official inflation is still under 3%, but residents complain that the cost of living in the financial hub of Shanghai just keeps getting higher.