According to a survey by NatWest International Personal Banking, 86 per cent of British expats in China think the high salary they receive is one of the best aspects of life there.
Sixty-nine per cent like the career advancement the country offers them, while a much lower proportion enjoy the exciting culture (48 per cent) and the Chinese people (43 per cent).
China’s booming economy is drawing more and more number of foreigners every year, many of whom are looking to flee the salary freezes and rampant unemployment of the debt-struck Western world. Statistics released by the NatWest earlier this year found that there has been an 18 per cent increase in the number of expats working in China and Singapore in the past five years, while the number working in the US has plummeted by 11 per cent.
The new research found that the majority (63 per cent) of expats in China were sent there on work assignments, mainly by international companies looking to expand their market presence. But around four in 10 (37 per cent) moved there to work as English teachers, for whom there is a huge demand.