H o u s i n gUnfurnished apartments (average rent per month)2-bedroom: ¥7,000 – ¥48,0003-bedroom: ¥9,000 – ¥65,0004-bedroom: ¥28,000 – ¥100,000

Unfurnished houses (average rent per month)4-bedroom: ¥22,000 – ¥65,0004+1-bedroom: ¥24,000 – ¥90,000

Figures are quoted in China Yuan Renminbi and based on budgeted and not on actual transactions.

P ro p e r t y M a r k e t• Supported by strong market demand, the rental prices of

larger-sized apartments in Beijing have increased. In the sales market, prices of luxury apartments are also increasing despite a fall in transactions. This is expected to continue through 2011 as many multinational corporations continue their strategic organizational expansion plans and relocate their senior executives into Beijing and China.

• Shunyi district is popular with expatriate families with children as international schools and kindergartens are within walking distance from most expat apartments. Accommodations in the Sanlitun area and Chaoyang district are preferred by singles and expats who wish to stay close to the financial district and city center.

• A typical lease is usually for one year. Landlords may prefer a two-year lease for villas and houses, particularly if the lease includes a considerable amount of home improvements and furniture purchases.

• Serviced apartments are usually furnished and are available for short-term stays, though one-month advanced bookings are highly recommended.

S c h o o l s• The International School of Beijing and the Western Academy

of Beijing are the top two international school choices for most expatriates in Beijing. Located in Shunyi district, both schools have over 1,500 students from more than 50 countries. They serve nursery to grade 12 students and offer the international baccalaureate program and advanced placement classes.

• There are other reputable international schools to consider and they include Australian International School Beijing, Beijing BISS International School, Dulwich College Beijing, International Academy of Beijing, Ivy Academy of Beijing, and The British School of Beijing. International schools in Beijing generally have long waiting lists for certain grades.

• Annual tuition fees vary considerably according to the school and grade level, ranging from ¥20,000 to ¥204,000.

• In Beijing, parents find the local Chinese education system beneficial for younger children as those who attend local schools are immersed in the Chinese language and culture.

M A R K E T W A T C HInformation from Cartus on Relocation and International Assignment Trends and Practices.

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Beijing, the capital of China has become the country’s showcase to the world. The parks in Beijing boast of many activities such as playing of sports, tai chi practices, dancing, and calligraphic performances.

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O f S p e c i a l I n t e re s t • Due to the 2008 Olympic Games in Beijing, the capital of

China has become the country’s showcase to the world. The Beijing National Stadium, better known as ‘The Bird’s Nest’, has attracted 20,000 to 30,000 tourists a day, drawing profits despite a minimal number of significant events hosted at the stadium.

• Peking opera, a combination of acrobatics and stunts, dialogues and songs, is considered one of the most important aspects of Chinese culture in Beijing. It is also the most representative and influential opera in China.

• The parks in Beijing boast of many activities such as playing of sports, tai chi practices, dancing, and calligraphic performances. Centrally located Beihai and Jingshan parks are popular choices for a fun and relaxing afternoon out.

C u l t u r a l I n f o r m a t i o n o n B e i j i n gDespite the growing forces of capitalism, China is still a communist country with communist values, aiming for modernization but not Westernization.

Authority is accepted and the desire for equality prevails. Although the ‘iron rice bowl’ - the notion that the company or state will provide and that a job is for life - is less accepted now, the highest priority for most Chinese is caring for their families. Society is polarized between rich and poor, with an astonishing 354 million people living below the poverty line. Despite having very few inhabitants who are not ethnic Chinese, society is highly diverse, with more languages spoken than in Europe.

Working with Chinese can challenge Western business professionals. Think about these things as you build working relationships with Chinese nationals:1. Demonstrate flexibility in your thinking. Western thought is

dominated by linear logic; Chinese thinking is influenced by early philosophers, who saw a paradoxical balance of opposites in all things. Where Westerners tend to look for clear alternatives (option A instead of option B), the Chinese may examine ways to combine both options.

2. Spend time developing guanxi - personal contacts/relationships involving mutual cooperation and support. Guanxi can make or break a venture in China.

3. Remember that ‘saving face’ – mianzi - is critical to the Chinese. Mianzi is the social perception of a person’s prestige. Causing someone to lose face will result in a loss of trust in the relationship.

4. Expect negotiations to continue even after an agreement has been signed. Be as adaptable as you can be.

5. Being punctual for appointments and being smartly dressed is a sign of respect.

Data from Country Navigator powered by TMAWorld – www.tmaworld.com

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