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This is an excellent, must-read insight into China’s wealth emigrants, published in China leading newspaper Global Times.
via China’s new wave of emigrants – Global Times.
I was fascinated to read the age profile, typical wealth, motivation and destinations. Clearly, these wealthy Chinese make up the vast majority of investment visas in the US, Canada and Australia.
As I reflected on the implications of the article, my mind switched to two other countries. Firstly, I know that Cyprus has been trying hard to attract wealthy Chinese but so far the inducements probably haven’t been sufficiently attractive. Also I wonder why the UK does not feature as a destination?