[vc_row][vc_column][vc_column_text]

So, you want to come to China for an internship. You may be wondering, ‘How much money should I budget for daily life in China?’ Well, good news! If spent wisely, your money can get you far. Daily costs are generally inexpensive and you can dine out cheaply compared to other destinations. Food comes at a cheap price, with an average restaurant charging around 20 RMB for a meal. Drinks can also vary with prices but local beers can cost 7 RMB. However, you may want to save up some money when wanting to visit tourist locations and splash out on Western food or BBQs.

[/vc_column_text][vc_text_separator title=”What is the exchange rate?”][vc_column_text]

For the current exchange rates, please see here. (https://www.xe.com/currency/eur-euro/)

1 GBP = 8.4

1 USD = 6.4

1 AUD = 4.5

1 CAD = 4.9

1 NZD = 4.3

**Exchange rates as of 02/12/2021

[/vc_column_text][vc_text_separator title=”What kind of budget in China is right for me?”][vc_column_text]

Your individual lifestyle is the main factor that will determine your budget. It will vary depending on what transportation you decide to take, personal dining preferences, nightlife and more.

[/vc_column_text][/vc_column][/vc_row][vc_row full_width=”stretch_row_content_no_spaces” parallax=”content-moving” parallax_image=”64668″ css=”.vc_custom_1634278206060{padding-top: 30px !important;padding-bottom: 30px !important;}”][vc_column width=”1/3″ css=”.vc_custom_1634278130958{background-color: #ffffff !important;}” offset=”vc_col-lg-offset-4″][vc_column_text]

WEEKLY/MONTHLY EXPENSES

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

Below, we have put together some budget estimates of your expenses in daily life during your time on your internship. In general, you can live on a low budget and still be able to live quite well. For those looking to spend a little more, there are also medium and high budget estimates. See which budget is right for you!

Getting around China is cheap and efficient. Luckily, their public transit is modern and reliable to get around the city but it may get crowded even outside rush hour. Travelling via the bus, taxi and metro are all easy routes depending on where you are in China. For example, in Shanghai the starting price of a taxi may be 14 RMB, however in Chengdu it can be as cheap as 8 RMB. Nevertheless, transport is considerably cheaper than the West.

(For food, all apartments will have kitchens, so you will have the option to cook your own meals.) Food at supermarkets are affordable, but you may find that some discount shops such as Lotte Mart or Walmart will make your money last.

[/vc_column_text][vc_empty_space][vc_text_separator title=”Click to browse Low, Medium & High budget ranges.”][/vc_column][/vc_row][vc_row][vc_column][vc_tta_tabs alignment=”center” active_section=”1″][vc_tta_section title=”Low Budget” tab_id=”1634278290227-4b75730a-874d”][vc_column_text]

For those looking to save money while still having fun and trying new things.

[/vc_column_text][vc_animated_icon icon_sharpicons=”si-separators-zigzag-h” align=”center” color=”#fc6c2c” width=”100″][vc_column_text]

[/vc_column_text][/vc_tta_section][vc_tta_section title=”Medium Budget” tab_id=”1634278290254-ef30ca1d-6e33″][vc_column_text]

For those who go to the gym, eat out more or spend more in other ways.

[/vc_column_text][vc_animated_icon icon_sharpicons=”si-separators-zigzag-h” align=”center” color=”#fc6c2c” width=”100″][vc_column_text]

[/vc_column_text][/vc_tta_section][vc_tta_section title=”High Budget” tab_id=”1634278310440-7f47fa99-01ca”][vc_column_text]

For those who would like to spend more on cocktail bars, taxis or shopping. 

[/vc_column_text][vc_animated_icon icon_sharpicons=”si-separators-zigzag-h” align=”center” color=”#fc6c2c” width=”100″][vc_column_text]

[/vc_column_text][/vc_tta_section][/vc_tta_tabs][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

As you can see, you don’t need too much money to enjoy life in China. Be careful when you have a craving to buy a western coffee or plan to travel to the more expensive cities. Not everything is cheaper in China, and all the little costs can quite quickly add up. So it’s important to find the right budget for you.

For international payments, we always recommend using TransferWise. They’re cheaper than the banks, because they always use the real exchange rate – which you can check out on Google – and charge a very small fee. They’re also safe and trusted by over 2 million people around the world. You can sign up here. (https://wise.com/?clickref=1011lijaZwQY&partnerID=1100l59541&utm_medium=affiliate&utm_campaign=0&adref=&utm_source=pagodaprojects&partnerizecampaignID=1011l727)