Natwest IPB's fifth annual 'Quality of Life' study reveals that 87 per cent of respondents cite an 'affluent lifestyle' as one of the major benefits of residing in the world's most populous country. This is closely followed by 'increased salary' (86 per cent) and 'career advancement' (69 per cent).

According to the report, conducted in conjunction with the Centre of Future Studies, the majority of British expats living in China are on work assignments (63 per cent) and almost four in ten (37 per cent) are teaching English in schools and universities.

With regards to the financial services sectors of China, the authors say that with an increasing number of major international players looking to further expand their market presence in China, the industry is experiencing a talent squeeze.

Dave Isley, head of NatWest IPD, adds, "The emergence of China as a world trade crusader seems to have enticed British expats in search of their fortune. With a wealth of career opportunities and high salaries, China seems to be a magnet to British expats."