The Rich In China Head For The Exit

August 22, 2012 in Daily Bulletin

There is ample evidence that China is seeing an exodus of its super-rich. Why are they leaving? John Sudworth found out:

  • There are fears that the communist government may change its pro-capitalist policies and decide to take money from the rich.
  • Other countries also have cleaner air and better educational systems.
  • China’s economic boom seems to be coming to an end, and moving to another country makes good business sense.
  • All of this explains why 75% of EB-5 visas to the United States are granted to the Chinese. The EB-5 visa is a scheme that gives foreigners a green card if they substantially invest in the American economy in a way that creates at least 10 jobs.

Read the full report here.

Source: BBC