Cost of Living

• How much money do I need for life in Beijing?

Generally, Beijing is relatively cheap compared to Europe or North America. How much money you spend depends on your lifestyle, however. A rate between 5 and 10 Euro/day should be a realistic amount to calculate with.
A random list of prices in Chinese Renminbi (1 Euro = 10 RMB):
bus ticket - RMB 1
can of soda - RMB 2
taxi - RMB 10 (for the first 3 km) (2 RMB per additional km)
dinner at a Chinese restaurant for 4 people - RMB 15 each
fast food - RMB 20
new bicycle - RMB 120 - 400

• What are exchange rates between the Euro and USD and Chinese currency?

Approximately exchange rates:
- 1 USD = 8 RMB
- 1 EUR = 10 RMB
RMB = renmin bi - The People's Currency

For the exchange rate of the day between any 2 currencies, you can check out the following web site : http://www.xe.com/ucc/.