Tuesday, December 4, 2007

Poor rich foreigners



China Daily tells an amusing story in its December 3rd issue. Apparently expats in Beijing and Shanghai are feeling the pinch as food prices soar.
As mentioned previously, the cost of basics like bread and haircuts are shooting up as inflation hit 6.5% last month.
According to the article (see below) this is hitting expats hardest and some are struggling to maintain their 'lifestyle'. Boo frickin' hoo.
Executives whose fat salary and benefits packages are paid in dollars are worst off. Should somebody organise a whip around for the poor bastards?

http://www.chinadaily.com.cn/china/2007-12/03/content_6293015.htm

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