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| China-Japan-Koreas |
| Chinese Buying Way to Freedom with New Money |
| 2010-08-07 |
| BEIJING -- "They're all millionaires. They've made it," said Mikael Charette of the thousands of wealthy Chinese -- his clients -- who apply to emigrate to Canada every year on that country's investment immigration program. While most immigrants are admitted on the basis of sought-after skills or to reunite families, investment immigration, in which applicants make a minimum financial investment or create jobs in their destination, is also booming. So much so that Canada, excluding Quebec, temporarily halted its program in June in order to double the amount that would-be immigrants must invest to qualify. Joy Xi emigrated to Canada nearly a decade ago. When I asked why people leave, despite rising prosperity in China, her answer was swift: "Sanlu," the company notorious for producing melamine-laced milk powder that killed six babies and sickened hundreds of thousands more in 2008. Few believe the problem is over. Also, said Ms. Xi, China is growing richer, but it's also growing more unequal, and that makes the rich feel unsafe. Summing up how many Chinese think, she cited a widespread saying: "Life in China is too risky. Consider carefully where you want to be reborn in your next life." No dummies, they. |
| Posted by:Anguper Hupomosing9418 |
| #5 Isn't China about due to under go another 'Cultural Revolution'? |
| Posted by: CrazyFool 2010-08-07 14:54 |
| #4 What makes you think China is in a declining phase instead of in a building or maintaining phase? |
| Posted by: Thing From Snowy Mountain 2010-08-07 14:43 |
| #3 An even deeper understanding comes of the Chinese belief that there is a natural cycle to China. First, building up from scratch, then maintaining, then allowing to decay, then to wipe the plate clean. The last Emperor was a "decadent" cycle Emperor, and Mao acted just like a "destroyer" Emperor, just as if he had been an Emperor. And China right now is either approaching a decadent or destructive phase, so it makes a great deal of sense to bug out. |
| Posted by: Anonymoose 2010-08-07 14:10 |
| #2 Joy Xi emigrated to Canada nearly a decade ago. When I asked why people leave, despite rising prosperity in China, her answer was swift: "Sanlu," the company notorious for producing melamine-laced milk powder that killed six babies and sickened hundreds of thousands more in 2008. Few believe the problem is over. The opportunity evades us to export thousands of bureaucrats, who instead of shutting down a 7 year old's lemonade stand, can be effectively employed in real pure food regulation someplace in China. |
| Posted by: Procopius2k 2010-08-07 13:31 |
| #1 Voting with their feet... |
| Posted by: tu3031 2010-08-07 13:05 |