Wealthy Chinese On The Move

Hat tip to daytrip for sending in this video update about wealthy Chinese leaving their country:

3 Comments

Booty Juice on December 27, 2012 at 3:55 pm

I chuckled. Most are kleptocrats fleeing.
ocrenter on December 28, 2012 at 7:18 am

China is following a road well traveled.

Back in the 70-80’s, Korea, Taiwan, and Hong Kong experienced the same type of rapid economic rise. That also created large number of immigrants to the US at the same time. We’re simply seeing the same type of rapid economic expansion with China’s coastal provinces over the last decade, therefore, we are seeing the same type of immigrants coming to the US.
Myriad on December 28, 2012 at 10:12 am

Similiar but slightly different than the previous Asian countries. Compared to most, US still has more opportunity for the younger generation. But in China, people fear the government, lack of rule of law, and lack of freedoms. Korea, Taiwan, and HK didn’t have the same issues. (People fled HK in then 80’s when China was given control of HK)