Originally Posted by
anacapamalibu
^
A typical two-bedroom new home in Beijing now costs around 6 million yuan ($870,000), about 69 times the average per capita disposable income in the city, much higher than the ratio of less than 25 times for New York City.
Right. That's my point. Labour costs are not the determinant. But you are comparing "typical" and "average", not sure how relevant this comparison is.