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Shanghai Costs and Business Information Disclaimer*
Transport costs Shanghai (CNY)
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Taxi Fare (Minimum Fare, First 3 Km) 13.00
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Taxi Fare (Fare per Km) 2.30
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Taxi Fare (Night Fare per Km) 2.76
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Subway Ticket (Minimum Fare) 3.00
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Bus Ticket (Minimum Fare) 2.00
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Maglev Shanghai from Airport 50.00 one way
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Taxi Fare Shanghai Pudong Airport to the city 250
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Taxi Fare Shanghai Hongqiao Airport to the city 100
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Bus to Airport (Minimum Fare) 15.00
International school costs Shanghai
Average price of 23 international schools in central and outside Shanghai in 2021.
175.00 CNY - 248,300 CNY per child / p.a.
The schools go from 2 years to 18 years. Some schools only start at age 3 or even start at age 6. The cheaper schools are, among others, also the Chinese and English mixed schools, in contrast to the purely English schools. Language schools, such as e.g. pure German or French schools, are also a bit cheaper. The fees do not include registration fees and other fixed costs. In principle, the older the child gets, the more expensive the annual fees become.
In Kunshan and Suzhou, the schools are also slightly cheaper.
Chinese Crucial Apps
Alipay Payment
QQ Communication
Wechat, Communication,
payment & Business platform - we open for you contact us here
Housing costs Shanghai (CNY)
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Studio, City Center 7.000
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Room in Shared Apartment, City Center 3.500
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2 Rooms Apartment, City Center 11.000
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3 Rooms Apartment, City Center 13.500
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Studio not City Center 3.500
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Room in a shared Apartment not City Center 2.200
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3 Rooms Apartment not City Center 6.500
(Average minimum prices. Housing Agent commission is in average 30 % and 2 - 3 months deposit is required.)
Food costs Shanghai (CNY)
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Noodle soup local 15 - 40
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Dumplings local 10 - 50
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Vegetable Dish local 8 - 30
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Meat dish local 20 - 60
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Fish Dish local 30 - 70
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Portion rice 5
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Baozi ( small filled bread) 2 - 6
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BBQ stick on the street 2 - 5
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Korean BBQ 150
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international Restaurants dishes 80 - 300
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Local exclusive restaurant 70 - 400
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Glass Wine 50-70
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Glass beer 40-70
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Cocktail 65 - 110
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Sandwich 40 - 90
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Coke in supermarket 3 -5
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Coke in Restaurant 10 -20
If you go to a local restaurant and order 5 dishes
(which are not too small) you will pay around 60 CNY.
If you go to a normal international restaurant
for 2 person with each 1 beverage and meal you will
pay around 350 CNY.
Trade Fairs And Exhibitions
ELEME Food Delivery
In Shanghai the exhibitions are mostly free of charge. Don´t buy tickets outside from sellers. Go inside and ask if you register for free.
Business facts
Shanghai GDP
Corporate income Tax (EIT) China
Withholding Tax (WHT) in China
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26,32 Million people
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$608 billion GDP Nominal
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$24,700 GDP per capita
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1 CNY = 0.15 $ / 0.13 EUR
(approx. March 2021)
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Standard 25 %
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Qualified small and thin-profit enterprises 20 - 5%
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Specific sectors and areas 15 %
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Standard 10 %
Tax resident enterprise are subject to EIT on their worldwide income. No establishment or place in China means it will be taxed only on its China-source income. There is no local or provincial income tax in China.
Companies without establishments or places of business in China are subject to 10% WHT on gross income from dividends, interest, lease of property, royalties, and other China-sourced passive income unless reduced under a special tax treaty.
China Purchase Power
China E- Commerce Market
Chinese Customers
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ca. 400 million people in China are "Chinese middle class " - Means: Family of 3 earning between 100,000 CNY to 500,000 CNY p.a.
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Chinese middle-class consumers spend ca. $7.3 trillion in 2020 (USA $ 4,7 trillion, Germany $1,5 trillion).
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China has emerged as a leader in e-commerce, fintech, and social networking platforms, driven by Alibaba and Tencent.
We can group the main e-commerce platforms in China into these below :
Tmall, Pinduoduo, JD.com, Kaola
Xiaohongshu,VIP,Taobao, Suning
In 2020 “the revenue is expected to show an annual growth rate (CAGR 2020-2024) of 6.9%, resulting in a market volume of US$1,309,535m by 2024.” (statistica)
Key reasons for the success:
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China E-commerce shopping festivals
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Consumption upgrade in the Chinese Ecommerce Sector
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online and offline integration
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Digital payments
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Boom of Social media and e-commerce integration
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Expect a brilliant customer service 24/7
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Like remain brand and quality conscious over quality
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Spend a lot for their children
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Word of mouth is powerful
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Are more conservative
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Don´t pay cash anymore
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Compare prices a lot
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