Cost Of Living In China Compared To Us & Cost Of Living In China For Students  

1/10
News And Updates
Student Stories
  • Students up for a second LEGO2NANO hackathon Students and researchers from UCL’s Engineering and MAPS Faculties, Institute of Making and London Centre for Nanotechnology
  • Advice for Waitlisted Students Over the next couple of months, high school graduates will be receiving lots of college admissions decisions from their home country. Some good news, some bad news, It’s hard to know what to make of a better decision. 
University News
Campus Life
ACASC News
Money Matters

Although the world is facing a dramastic rise in prices of items, the cost of living in China is relatively cheaper than that of other industrialized countries. Expats and international students living in China have a great purchasing power and live comfortably in China. Affordability of goods and items is a reality in China.

China’s education system is amongst the best in the world compared to other countries such as the United States of America, United Kingdom, Australia, and Russia etc. Tuition fee and living expenses for international students are very moderate. The Ministry of Education, China has made the education system very flexible to suit the budget of every family. Tuition fees vary by each university and the living expenses of each city are different. Kindly check your choice of university and the city in which it’s situated for detailed information about your living expenses in China.


MONEY

The Chinese Yuan (CNY) is the currency of the People’s Republic of China. $1USD=6.56 CNY, this is the current rate which is subject to change. The currency notes are; 1, 5,10,20,50 and 100. The coins are 1, 5 and 1. To see the current exchange rates between your home country’s currency and the Chinese Yuan.


BANKS

These are the major internationally known banks in China:

BANK of CHINA

ICBC

ABC

share_phone_icon share_facebook_icon share_twitter_icon google_share_plus_icon share_youtube_icon share_pinterest_icon share_linkedin_icon share_instagram_icon email_icon top_icon