Shenzhen less expensive to live in

Shenzhen was less expensive to live in last year compared to other cities in the world although Shenzhen is the third-most expensive city in China following Hong Kong and Shanghai, according to a survey. 

According to the 2019 Worldwide Cost of Living Survey conducted by the Economic Intelligence Unit (EIU) released Tuesday, Shenzhen's ranking in terms of cost of living went down two places from last year's world city list. 

The rankings of other Chinese cities such as Shanghai, Beijing, Guangzhou, Dalian and Qingdao, also dropped, becoming less expensive compared to other major cities in Asia with significant growth in the latest findings. The British think tank attributed lower exchange rates and the slowdown of the economy to the lower rankings of Chinese cities, the Shenzhen Economic Daily said. 

Dalian, Beijing, Taipei, Tianjin, Guangzhou, Qingdao and Suzhou round out the top 10 priciest Chinese cities.