A check of prices between Boston and Hangzhou illustrates the brutally high cost of living in a...

|By:, SA News Editor

A check of prices between Boston and Hangzhou illustrates the brutally high cost of living in a major Chinese city. A basket of goods is 8% higher in Hangzhou, while comparable real estate is 27% higher. Not that big of a difference? Per capita income in Hangzhou is 87.5% lower than Boston.