You can buy a Chinese meal for $0.80!

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Depending on what city you in, the money you save on food your gonna spend on housing
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From my son who worked and lived in China for three years:


A single person would have a minimally acceptable QOL (living with or near other Americans or Europeans) at about $80,000 per year. Anything less and you will be forced to live "on the economy."
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I agree with Ftroop. A young cousin lived and worked in Shanghai and reports the need for $80K or more.
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