Expats in China are well-paid, enjoying some of the highest compensation packages worldwide. The country ranked highly because when evaluating expats' overall economic situation--considering salaries and disposable income levels--China comes in second-highest, behind only Switzerland. Boasting several business hubs, some of the world’s most affluent expats are based in Asia, where the average annual salary is $74,000 per year, compared with the worldwide average of $64,000.
Outside work, expats in China considered their quality of life to be high — third-highest of all the countries HSBC ranked. Almost half reported an improved work-life balance once they relocated. It seems expats in Asia are also social butterflies; they were the only group who reported a "more active social life" in their new country. And within Asia, China was ranked one of the top destinations for an improved social life. This could also be due to a higher proportion of young expats in China seeking out more opportunities to mingle: Half of the expats over 18 years in BRIC countries — that is, Brazil, Russia, India and China — are under the age of 34.
The Middle Kingdom ranked in the lower half of the survey — 16 out of 24 — for places to raise a family, although almost 75% considered their children to be safer in China than in their home country. Expat children living in Asia, more so than any other surveyed region, were also more likely to learn the native language of their host country. In terms of medical care the government announced a plan in early 2009 to provide universal healthcare to residents, an overhaul it is still working to roll out.
Understanding business practices like exchanging business cards with two hands… will go a long way in China.