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Many Rich Chinese Consider Leaving
WSJ ^ | 11/02/11 | JEREMY PAGE

Posted on 11/03/2011 7:47:57 PM PDT by TigerLikesRooster

Many Rich Chinese Consider Leaving

By JEREMY PAGE

BEIJING—More than half of China's millionaires are either considering emigrating or have already taken steps to do so, according to a survey that builds on similar findings earlier this year, highlighting worries among the business elite about their quality of life and financial prospects, despite the country's fast-paced growth.

The U.S. is the most popular emigration destination, according to the survey of 980 Chinese people with assets of more than 10 million yuan ($1.6 million) published on Saturday by Bank of China and wealth researcher Hurun Report.

While growth has slowed, China's economic performance is still the envy of the Western world: It registered annual gross domestic product growth of 9.1% in the third quarter, and the International Monetary Fund has forecast growth of 9.5% for all of 2011.


(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Extended News; Foreign Affairs; News/Current Events
KEYWORDS: capitalflight; china; chineseleaving; redchina; wealthy

1 posted on 11/03/2011 7:47:59 PM PDT by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

P!


2 posted on 11/03/2011 7:48:45 PM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: TigerLikesRooster
they are of more benefit to us than the ubiquitous mexicans that generally are less competitive educationally and economically and on the public dole.
3 posted on 11/03/2011 7:50:58 PM PDT by ken21
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To: TigerLikesRooster
The U.S. is the most popular emigration destination

And why is that? Well enjoy it while you can. It won't be long before it's like the place you left, or worse.

4 posted on 11/03/2011 7:51:24 PM PDT by TribalPrincess2U (WE ARE AMERICA! DONATE TO FR MORE!)
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To: TigerLikesRooster

They shuld note that dear leader Zer0 is turning us into North Korea which is worse than China. Don’t come here unless you have confidence in the next election. I have hope for change, but there are too many stupid, crazy or evil voters out there for me to have much hope.


5 posted on 11/03/2011 7:56:10 PM PDT by MtnClimber (The left wants our power generated by unicorns running on treadmills. What dopes!)
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To: TribalPrincess2U
They will need to learn how to shoot 12 gauge shotgun.
6 posted on 11/03/2011 7:57:21 PM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: TigerLikesRooster
The U.S. is the most popular emigration destination, according to the survey of 980 Chinese people with assets of more than 10 million yuan ($1.6 million)

Well, successful people with a history of achievement and high expectations for their own children are desirable immigrants. Someone needs to pay taxes in this country in the years to come.
7 posted on 11/03/2011 7:59:55 PM PDT by AnotherUnixGeek
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To: TigerLikesRooster

Really... only that % ?

TT


8 posted on 11/03/2011 8:03:55 PM PDT by TexasTransplant (Radical islam is real islam. Moderate islam is the trojan horse.)
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To: TigerLikesRooster

No way I’m learing Chinese. I can’t even learn good English. Putting my foot down.


9 posted on 11/03/2011 8:15:03 PM PDT by TwoSwords (Has anyone seen my suspension of disbelief pills?)
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To: TigerLikesRooster

10 posted on 11/03/2011 8:15:33 PM PDT by TChad
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To: TigerLikesRooster

In order for us to get through this without becoming mental patients, lets attempt some glass is half full perspectives here. When these particular arrivals, whom by and large are likely nothing like the leeches that Americans, and far more so Euroepans, have been accustomed to and will improve this nation, realize that Zero’s policies will wreck every one of their aspirations, we will have more votes against him and for leaders who excercise true fiscal responsibility-and every vote really does count, and more new citizens actively aiding the fight to get them out of office.


11 posted on 11/03/2011 9:15:39 PM PDT by emax
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To: emax

Look at all the hard working Koreans doing well in the good ole USA. Way back in the 70’s, I had this 35 year old Korean Lady offer to pay me 10K to marry her, just to get stateside. She had a beautiful house in Seoul; woman had made some bucks in Korea, had a store and all. Those Koreans are a benefit to America, no joke.


12 posted on 11/03/2011 11:15:00 PM PDT by Eska
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To: Eska

Of course they are, it’s common knowledge. Do you know a lot of the Korean Americans now ? Are they loosing all their money and homes now now or are they still prospering and having sueccesful businesses ? If the latter, I cant imagine how much that must drive the Occupy Wall Street corwd mad.


13 posted on 11/03/2011 11:17:51 PM PDT by emax
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To: emax

I mean crowd. Forgive me, I’m not the best typer.


14 posted on 11/03/2011 11:18:23 PM PDT by emax
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To: TigerLikesRooster

And drive....


15 posted on 11/03/2011 11:42:45 PM PDT by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
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To: Eska

The US became the greatest country in the world by attracting the best & brightest from around the world. I hope we can continue to do so; we seem determined to educate the best and the brightest and send them back to their countries with millions of our jobs.


16 posted on 11/04/2011 2:27:38 AM PDT by kearnyirish2
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To: TigerLikesRooster

Interesting how few are choosing HK. Why?


17 posted on 11/04/2011 4:23:55 AM PDT by 1010RD (First, Do No Harm)
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To: 1010RD

It is a part of China.


18 posted on 11/04/2011 4:47:09 AM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: TigerLikesRooster

Rich Chinese consider emigrating because they know how the Chinese treat other Chinese. Basically, they know that they are “fair game” in almost any scenario.


19 posted on 11/04/2011 6:55:23 AM PDT by glorgau
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To: glorgau

Life is really cheap in China because there is such an excess supply of humans.


20 posted on 11/04/2011 7:19:34 AM PDT by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: kearnyirish2

WE are so spoiled in the USA. When I was in Korea many years back, I’d give my houseboy my whiskey allocation and he’d sell in on blk market, make 50 bucks profit per fifth, usually 5 bottles a month. He would always invite me out his house in this rural village 8 miles from our base to eat just spend time with his family; was a good guy actually and I was glad to see him make a few bucks. He introduced me to the papa san of his village. This guy had pretty much accumulated all the wealth in that village, owned most the houses, ect. Yet, he was still stuck in that 3rd world country rice village. He didn’t have the opportunity we have in the USA or he’d been rich in 1 year starting from nothing. I guarantee these type immigrants be all Repubs.


21 posted on 11/04/2011 8:12:11 AM PDT by Eska
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To: All


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22 posted on 11/04/2011 8:14:09 AM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Eska

I’d think the small business-types are; often the children are quickly assimilated (turned liberal).


23 posted on 11/04/2011 10:46:32 AM PDT by kearnyirish2
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To: kearnyirish2
My kids tell me all the kids at their schools (UAF & UAA) are dems too. Mine ain't cause I fill out their absentee ballots and I know. My boy says they are all so stupid and know so little about the real world. One summer one of his girlfriends came up for a few days to visit him. Her parents and this girl had actually been to Obama rallies, unreal. I tried to argue with her but she wouldn't give me the pleasure.

But ya know what? I remember when I went to PSU in early 70's right at the end of Vietnam War. I knew this one girl who was off the deep end on war protests, hippie girl, goofy. I knew her dad and he was way cool and very conservative; George Wallace conservative. I use to think, man if he only knew who she was running around with and dope, ect; he's kill her. Anyway, 20 years later I see this same girl was running for judge as a repub, ha ha. So I figure many kids just have to grow on up, they just don't naturally see things like many people on FR do, no joke.

24 posted on 11/04/2011 12:00:24 PM PDT by Eska
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To: Eska

I’ve seen the story on here several times, and a friend’s daughter just had a similar epiphany - their first paycheck. She had mapped out exactly how much she’d earn by multiplying hours worked by hourly wage, and was shocked to see she didn’t get 100% of her earnings.

There is hope.

(Anyone who dates a girl who supported Obama doesn’t deserve an absentee ballot)

: )


25 posted on 11/04/2011 12:13:53 PM PDT by kearnyirish2
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To: kearnyirish2
I didn't say he married her, she was keeping the boy amused for a semester. I see all the girls he has, heck this old timer is jealous as sin.

I married a dem girl from a dem family of coal miners back east. Been married for 27 years, and have a wife who has been a Repub the entire time. Oh I still argue with her brothers the same way I have my entire life about politics. Funny thing is now my brother-in-law's daughter just got married. Married this guy she worked with, both are biologists for some company, majority of their work is for our military. Her husband is a Mennonite, ha ha; they wouldn't even allow dancing at the wedding, ha ha; that's quite conservative you know. So I got tons of ammo to unload on my in-laws now that all their kids are becoming Republicans.

26 posted on 11/04/2011 1:01:17 PM PDT by Eska
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To: Eska

“they wouldn’t even allow dancing at the wedding”

That reminds me of an old joke. “Q: Do you know why Baptists only have sex laying down? A: So they could never be accused of dancing.”


27 posted on 11/04/2011 1:12:32 PM PDT by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: Eska

I’m just playing; he can date whoever he wants. If his father’s a FReeper he’ll make the right decision when it matters.

There’s girls you date, and girls you marry.

I was at a Turkish party; they dance, but not touching each other.


28 posted on 11/04/2011 3:11:38 PM PDT by kearnyirish2
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