Skip to comments.Why China’s rich are leaving
Posted on 06/06/2014 7:16:08 AM PDT by SeekAndFind
Pollution, tainted food and education are causing many of the countrys wealthy to flee, survey finds.
Earlier this year, the best company at surveying the rich in China announced that more than 60% of the people it surveyed had already immigrated to another country, or were considering doing so.
The question for the Hurun Report, which publishes an annual China rich list, was why? Was pollution driving people abroad, weariness over Chinas political crackdowns, or something else entirely?
It turns out the questions also nagged Rupert Hoogewerf, founder of Hurun. At the time, his best guess was that pollution and the desire to park some assets abroad were driving rich Chinese to the United States, Canada, and Australiathe top three destinations for those leaving China.
But to find out for sure, he conducted a follow-up survey that is being released today, and Fortune got exclusive early access. Hurun teamed with Visas Consulting Group to ask 141 wealthy Chinese questions about emigration and where theyre moving their money. The researchers discovered that three factors drove emigration from China, with each factor accounting for 20% of the responses:
(Excerpt) Read more at fortune.com ...
Because they can?
The grass is always greener.
Chinese taking a page from Mexicans (flooding the southern US) and the Islamanazis (Sharia to Detroitistan)... conquer by bloodless invasion.
RE: Chinese taking a page from Mexicans (flooding the southern US)
One difference, the former have money.
Apparently these rich Chinese are not aware of rich Americans fleeing the USA (going Galt).
I think “going Galt” is a big problem.
Americans seem to be the only conservatives in the entire world, who believe that by pulling investment from their very own country, this helps anyone in the entire world, except for America’s biggest challengers.
BTW I’ve read Ayn Rand, several times. I completely disagree with her on this however.
America needs to bring back jobs. Now.
Because they have joint ownership with Iran of Michigan ?
Which indicates emigrating LEGALLY. Besides wealth, another difference from those South of the Border who are streaming in here.
The Chinese have money, a work ethic, and a commitment to education and family. And they’re smart.
“...this year, the best company at surveying the rich in China announced that more than 60% of the people it surveyed had already immigrated to another country, or were considering doing so.”
Ok, it’s the rich IN iChina, but they have already left China?
What doesn’t make sense?
They never leave China, they spread empire. ChiComs the most of them (Party Members are the wealthiest).
Just cause Chinese elites go to nicer places and will gladly partake of the Perqs of US or Canadian citizenship, doesn’t mean they are immigrants as we used to know the term.
Doesn’t mean they aren’t descended from the Yellow Emperor or loyal to the Motherland.
Yes! Study history - it has been a VERY popular method since time immemorial.
I think the real problem is the 0bamanation that causes the producers to "go Galt".
“this helps anyone in the entire world, except for Americas biggest challengers.”
It helps their personal wallet and that is all some people care about. They think money will buy them freedom. This is what we are up against.
To many people on our side worship the super wealthy and the feelings are not returned.
The problem is, companies have been leaving America since long before Obama because president.
Bush sent quite a large amount of American companies overseas.
Both parties have been selling out America.
It’s because China sucks.
They’re fleeing because they know the history of Chinese “reforms.” When things turn sour, and they will, guess who gets scapegoated? They’re bailing while they can.
Many leave because they got at least a part of their wealth through corruption and fraud.
Jobs are starting to increase but not manufacturing jobs which will never return because of technology advances and cheap labor in the third world. It’s the Communization of our government that causes the wealthy to go Galt, not loss of jobs.
Cause once we run out of money to go shopping at Walmart the peasants are gonna be stringing up Princelings from lampposts.
China is the crony-capitalist center of the world. You do not get rich there without sucking-up to, bribing, cajoling the omnipresent government and its officials.
Smart people know that it can change at any time - for the wealthy, their property rights are not secure.
(BTW - I see the same thing developing in the USA)
Actually, I agree. Full speed forward. Until it collapses, and then LET IT BURN.
I’m thinking the pResident will keep applying bandaids, but we’re approaching the “arterial bleed” level. The next 5 years or so are going to purely suck. . .
Funny how with the exception of Japan, most of those destinations are within the anglosphere. I’d guess that most of those heading to the all-encompassing term ‘Europe’ are in fact heading for Britain...
Says volumes about the changes in China over the last 30-40 years. The old ChiComs would not have allowed them to leave! Of course, I’m sure there were a lot fewer rich in China then...
Rich Chinese guy immigrates here with his family. What will he do to make money? He will open up an import-export business to bring even more stuff from China (he has tons of contacts) and kill US industry and workers more
Century Arms blames White House for layoffs
These rules are skewing the market. Ping me when you get the chance and we can talk about the importance of division of labor and relative/absolute advantage. Have a good night, FRiend.