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Almost half China's richest want to emigrate
 Nearly half of China's wealthiest citizens are considering emigrating, with the United States and Canada the most popular destinations, according to a new report from the authors of China's rich list.The survey by the Bank of China and the Hurun Report, which publishes luxury magazines and runs a research institute, found that 46 percent of Chinese with assets worth more than 10 million yuan ($1.6 million) were considering moving abroad. Another 14 percent had already begun the process, it said. Many said they were seeking a better education for their children and cited concerns about the security of their assets in China. Nearly a third of the respondents said they already had investments overseas, in many cases to enable them to emigrate. Some countries offer residency to foreign citizens who are prepared to invest large sums. High inflation and the difficulty of investing overseas were also cited in the survey, which took in 980 people in 18 Chinese cities. The problem with all repressive systems... the most productive have the resources and the will to flee. And usually do. Any bets on where most of these people are headed... especially once one repressive President is removed in '12? Posted by: DarthVader 2011-11-01 |
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