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The cost of living (in Shanghai)

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People do their morning exercises in front of the skyline of the Lujiazui Financial District in Pudong in Shanghai on December 1, 2015. AFP PHOTO / JOHANNES EISELE / AFP / JOHANNES EISELE (Photo credit should read JOHANNES EISELE/AFP/Getty Images)

JOHANNES EISELE/AFP/Getty Images

The average monthly wage in Shanghai is about $1,047. Today, we look at what it's like to live on that. Plus: The Fed and business leaders are puzzled by the economy, but consumers don't seem to mind.

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