The best (and worst) cities in Asia to live and work abroad
Living abroad can be a life of romance, personal growth and exciting opportunities. Or it can be a nightmare of expensive rent, culture shock and loneliness.  But if you are to take the plunge, Asian cities could be your best bets, according to a recent survey. Four of the top five of the world’s best cities for expatriates to live are in Asia, according to the survey of more than 20,000 expatriates. Taipei, the capital city of Taiwan, topped the chart for the second year in a row. Malaysia’s capital, Kuala Lumpur, came in second while Ho Chi Minh City in Vietnam was third. Singapore was ranked as the fourth-best city for expatriates while Montréal rounded out the top five as the only non-A
The best (and worst) cities in Asia to live and work abroad
Muji says sorry after calling parts of Shanghai the ‘French Concession’
Japanese retailer Muji has apologized in China after using the term “French Concession” to refer to a historic neighborhood in Shanghai in a marketing campaign. The term, which is still commonly used in the megacity, angered some Chinese internet users who found it insulting because it invoked an era in which China had to grant a number of concessions to countries such as France, Britain, the US and Japan. The former French Concession was an area run by French diplomats from 1849 to the 1940s, where extraterritoriality prevailed. Despite decades of redevelopment, the tree-lined area retains a distinctive European character and is still considered one of Shanghai’s top residential and retail
Muji says sorry after calling parts of Shanghai the ‘French Concession’
What Shanghai needs to become a financial hub of the world
American companies had high expectations when China announced in 2009 its plan to transform Shanghai into an international financial center by 2020. It wouldn’t be easy. While centers like London, New York and Tokyo have the infrastructure and legal environment needed for traders, asset managers and global banks to execute transactions, China had a non-convertible currency, a closed internet and other characteristics inconsistent with a global trading center. Still, there was cause for optimism. Although China had been dragging its feet on commitments made during its accession to the World Trade Organization, in many ways the economy was moving steadily in a more liberal direction, with incr
What Shanghai needs to become a financial hub of the world
Police bust Shanghai toy boy club
An expensive private women’s club in Shanghai has been busted after word got out online of how one of its male escorts was showered with luxury gifts – including an Audi – on his birthday. “The club was shut down by the police force on Saturday,” an officer from a station in the neighborhood said, without elaborating. According to a post about the Perfect Space club that went viral on WeChat on Friday, one of its escorts celebrated his 28th birthday with 28 gifts from a rich woman. These included an Audi, a gold cup and 280,000 yuan ($41,600) in cash. A photo in the post purported to show wrapped gift boxes piled on the floor, occupying half the room. Digging by intrigued internet users rev
Police bust Shanghai toy boy club