According to the 2012 Global cost of living Survey released recently by Mercer, one of the world's largest human resources service agencies, Tokyo is the city with the highest cost of living in the world; Hong Kong, China ranked 9th; and Shanghai and Beijing in mainland China ranked 16th and 17th respectively. New York is the city with the highest cost of living in the United States, but ranks 33rd in the world. Mercer announced the cost of living, especially referring to the cost of living of overseas personnel stationed by government agencies and multinational companies in various cities. this is not the same thing as the usual cost of living, confusing the two different cost of living is not only not conducive to scientific comparison, but also easy to lead to emotional tendencies.
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The cost of living in Shanghai and Beijing is not higher than that in New York