Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: SeekAndFind

We are getting conflicting reports everywhere...

See here just a few months ago:

http://www.forbes.com/sites/gordonchang/2011/06/05/chinese-entrepreneurs-are-leaving-china/

Chinese Entrepreneurs Are Leaving China

EXCERPT:

China’s rich, primarily driven by a sense of insecurity, are taking money out of their country. Many are actually preparing to move elsewhere.

According to a new study, almost 60% of China’s “high net worth individuals,” defined as those possessing more than 10 million yuan in investable assets, are either considering emigration through investment programs or are completing the emigration process. The survey, conducted by China Merchants Bank and Bain & Co., also reports that 27% of those with more than 100 million yuan in investable assets have already emigrated and 47% of them are thinking about leaving the Motherland.

The stunning results correspond to reports that the U.S. Treasury unit monitoring illegal money flows has, since the beginning of last summer, detected a surge in hidden cash transfers out of China.


4 posted on 11/16/2011 10:09:36 AM PST by SeekAndFind (u)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: SeekAndFind
Their moving to Vancouver.

My understanding is that you can wander some parts of Vancouver for hours and see only Asian faces.

28 posted on 11/16/2011 10:45:48 AM PST by who_would_fardels_bear
[ Post Reply | Private Reply | To 4 | View Replies ]

To: SeekAndFind

These “conflicting” reports are about people who have enough money they don’t need to work who want to protect their assets. The article is about people looking for work. Totally different folks.


39 posted on 11/16/2011 11:28:43 AM PST by Darth Reardon (No offense to drunken sailors)
[ Post Reply | Private Reply | To 4 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson