China is top expat destination
China is the top expat destination followed by the U.S., UK, Singapore and Switzerland, survey reveals.
China is ranked as the top destination for international assignees in the annual Global Relocation Trends report from from Brookfield Global Relocation Services. In second place was the United States followed by the UK, Singapore and Switzerland.
China was also ranked as the top emerging destination followed by India and Russia.
China presents greatest challenges
Paradoxically, China was seen as presenting the greatest challenges to both international assignment managers and assignees due to the difficulty in finding suitable homes and schools, accessing medical care, immigration formalities, tax compliance, communication and knowledge of international regulations, the remoteness of the destinations and increasing costs. India ranked second and Russia third in terms of presenting the greatest relocation challenges.
The survey of 180 multinational firms reveals a significant move by companies to control costs with the number one relocation challenge being the overall cost of assignments, followed by finding suitable candidates and controlling policy exceptions.
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