Tagged: Shanghai

Shanghai is the most expensive city for the rich in the world

According to the global wealth and high-end life report 2021 released by Julius Baer, a Swiss private bank on Friday, Asia Pacific region has become the most expensive place for high-end living costs in the world, among which Shanghai surpasses Hong Kong and becomes the most expensive city with the world’s high-end living costs, and Tokyo and Hong Kong are ranked second and third.

Shanghai is the most expensive city for the rich in the world

The report said part of the high-end cost of living in the Asia Pacific region was its rapid recovery from the new crown virus pandemic. By contrast, America has become the cheapest area for high-end living costs, thanks to the sharp devaluation of the dollar and the Canadian dollar and Latin American currencies.


The bank’s 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 most expensive items for which prices fell were women’s shoes (-11.7%), hotel suites (-9.3%) and high-end wine (-5.6%). The biggest gains were business class air tickets (+11.4%), Whisky (+9.9%) and name list (+6.6%).


Overall, however, the report says, the cost of high-end lifestyle globally has increased by only about 1 per cent, and that the rich are increasingly turning to conscious choices, which could bring more fair prices to producers.

Top 10 cities of subway mileage

Top 10 cities of subway mileage
By the end of 2020, new metro lines will be opened in Shanghai, Hangzhou, Xi’an, Ningbo, Nanchang, Qingdao, Hefei, Chengdu, Harbin and Taiyuan. Metro mileage in new first tier cities is catching up with Beijing, Shanghai and Guangzhou.
New lines opened in many cities
At 11 a.m. on December 30, Hangzhou Metro Line 1 phase III, line 6 phase I, Hangfu line (connected with line 6) and the first section of line 7 were put into operation. This is the first time since Hangzhou entered the era of subway that four lines have been opened simultaneously. In eight years, Hangzhou has entered the era of rail “network” with a bus network scale of more than 300 km.
At 9:30 a.m. on December 28, Xi’an Metro Line 5, line 6 phase I and line 9 were officially put into operation. With the opening of three new lines, Xi’an rail transit for the first time achieved an additional operation mileage of 83 km within one year, setting the highest record since the construction of Xi’an Metro. So far, Xi’an rail transit has formed seven lines of operation (excluding airport line), with an operating mileage of 215 km.
On December 26, two new sections of Shanghai Rail Transit Line 10 phase II and line 18 phase I (hangtou station Yuqiao station) were put into trial operation. The total operating mileage of Shanghai rail transit network has increased to 729 km.
In Qingdao, on the morning of December 24, the opening ceremony of the north section of Qingdao Metro Line 1 (Qingdao North Station – dongguozhuang station) and the north section of line 8 (Jiaozhou North Station – Qingdao North Station) was held at Qingdao north station, which is the first time for Shandong Province to realize the simultaneous operation of two metro lines. After the opening of the two lines, the number of operating lines of Qingdao metro network has reached 6, and the total operating mileage has reached 246km, ranking among the top 10 in China.
On December 18, Chengdu Metro Line 6 phase I, phase II, phase III; line 8 phase I; line 9 phase I; line 17 phase I and line 18 Sancha station (excluding) to Tianfu Airport North Station and other five line 6 projects were opened for initial operation simultaneously. As a result, the operating mileage of Chengdu Metro has increased from 358 km to 518 km.
The first fully automatic Metro Line in Western China was opened. On December 18, an old man (right) photographed the inner scene of the subway line with his mobile phone in the “open” cab of the driverless train on Chengdu rail transit line 9. Xinhua News Agency
In addition, Nanchang, Hefei, Taiyuan, Harbin, Ningbo and other cities have recently opened new lines. Among them, Taiyuan Metro Line 2 is also the first Metro Line in Shanxi.
With the opening of new lines in major cities, the operating mileage of urban subway has reached a new high. According to the statistics of the first finance and economics reporter, up to now, the top ten cities of urban rail transit mileage are Shanghai, Beijing, Guangzhou, Chengdu, Shenzhen, Nanjing, Wuhan, Chongqing, Hangzhou and Qingdao.
Among these 10 cities, in addition to the four first tier cities, there are Chengdu, Nanjing, Wuhan and Chongqing, as well as Hangzhou and Qingdao, two sub provincial cities and megacities. In general, the larger the scale of a city, especially the urban population, the larger the scale of urban rail transit.
Among them, the top nine cities in the urban rail transit mileage are more than 300 km, and the top four cities are more than 500 km. Shanghai and Beijing, the two top tier cities, are more than 700 kilometers away. After that, Shanghai surpassed Beijing in 729 kilometers, followed by Beijing in 704 kilometers.
Guangzhou in South China ranks third with 531 km, and Chengdu ranks fourth. On December 18, Chengdu surpassed Shenzhen and became the fourth rail transit city in China.
Among the top ten, Hangzhou’s performance is particularly noteworthy. As of December 31, 2019, the urban rail transit mileage of Chengdu, Nanjing, Wuhan and Chongqing has exceeded 300 km, while that of Hangzhou is only 132.46 km, ranking 16th in China. However, in 2020, Hangzhou Metro will usher in a big outbreak. On April 23 this year, Hangzhou Metro Line 5 and line 16 opened simultaneously, with a total length of 91.33 km. Hangzhou, with a total mileage of more than 300 kilometers and a relatively late start in metro construction, has advanced from behind to the top ten, ranking ninth.