Posted on 11/16/2011 10:07:21 AM PST by SeekAndFind
Chinatowns around America have shrunk during the past decade, and Chinese immigration has declined since 2006.
Why?
Because Chinese think the American Dream is dead.
(Or, more pertinently, has moved to China.)
The Atlantic's Bonnie Tsui talked to a few people at a career center in San Francisco's Chinatown to get a sense of the exodus. Of course it is centered around jobs.
Lately, [Career Counselor] Yu has been seeing a shift; rather than coming, her clients have been going—in pursuit of what might be called the Chinese Dream.
“Now the American Dream is broken,” [Chinese immigrant] Shen tells me one evening at the career center, his fingers drumming restlessly on the table; he speaks mostly in Mandarin, and Yu helps me translate. Shen has mostly been unemployed, picking up part-time work when he can find it. Back in China, he worked as a veterinarian and at a school of traditional Chinese culture. “In China, people live more comfortably: in a big house, with a good job. Life is definitely better there.” On his fingers, he counts out several people he knows who have gone back since he came to the United States. When I ask him if he thinks about returning to China, he glances at his daughter, who is sitting nearby, then looks me in the eye. “My daughter is thriving,” he says, carefully. “But I think about it every day.”
(Excerpt) Read more at businessinsider.com ...
Don’t let the door hit you where the good Lord split ya’.
“American Dream”, or the “Free Ride”?
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.
buh-bye
‘The American Dream Is Dead’
Duh. This is no longer the land of opportunity. It is the land of regulation. And it isn’t just the Chinese. Mexicans too.
And here’s a conflicting report:
China’s richest keep firm eye on exit door
http://www.atimes.com/atimes/China_Business/MK11Cb01.html
EXCERPT:
China’s richest keep firm eye on exit door
By Olivia Chung
HONG KONG - “Get rich - then get out” is the life message being grasped by China’s wealthiest citizens two decades after former leader Deng Xiaoping supposedly declared that “to get rich is glorious”.
About 60% of rich Chinese people intend to migrate from China, according to a report jointly released by the Hurun Report, which also publishes an annual China rich list, and the Bank of China. A separate study by US-based Bain & Company and China Merchants Bank in April of 2,600 high-net worth individuals - those who hold more than 10 million yuan (US$1.6 million) in individual investable assets (excluding primary residences and assets of poor liquidity) - found that about 60% of those interviewed had completed immigration applications to other countries or had plans to do so.
About 14% of the rich Chinese people, each of whom has a net asset of more than 60 million yuan, said they had either already moved overseas or applied to do so, according to the Hurun findings, which were based on one-on-one interviews with 980 rich Chinese people in 18 mainland cities from May to September.
Another 46% said they planned to emigrate within three years, variously citing higher-quality education available for their children overseas, better healthcare, concerns about the security of their assets on the mainland and hopes for a better life in retirement.
The most favorable destinations by rich Chinese is the US, with 40% of respondents claiming it was their first choice, followed by Canada and Singapore. Encouraging them in their quest, the United States continues to lower its threshold for businesspersons’ immigration.
America is like one of those time lapse photo’s of a dead animal being eaten by larvae. The Larvae come, there’s a lot of activity as the skin bulges and pulses, almost as if it is alive, and then there is less and less animal there and, finally, you see the larvae reducing in number until there are none left and there is nothing but a skeleton and a few bits of fur.
These are workers and wealth creators. Not freeloaders.
This is our loss, China’s gain.
Of course if you hate Asians, thats a different story.
The list, ping
Let me know if you would like to be on or off the ping list
>>> Chinatowns around America have shrunk during the past decade,
REALLY? You think the new Chinese immigrants flock to Chinatowns in cities in America?
I can understand the number is down (relative to other ethnic group maybe), they won’t come if there are NO JOBS. For physical labor type of jobs, we got most of them from across the Rio Grande.
But to use that first phrase to make the point is sloppy reporting (to say the least).
We’ve been living in a ponzi economy since the late 1990’s. First there was the “dot com” bubble, then after that crashed the real estate bubble, then after that crashed we have the student loan bubble and the government debt bubble holding things up. Face it, we in the US are buried in debt, federal and state regulations and taxes. The American dream is just a myth now as our economy is being run for the benefit of rich bankers, corporate big wigs and politicians in a classic crony capitalist system with the middle class slowly waking up and finding that they’re poor now.
See ya, PS please take some illegal mexicans with you
I’m half-Korean and don’t trust the Han Chinese. So this is good news.
>>> I’m half-Korean and don’t trust the Han Chinese.
So tell us how you feel about the Japanese.....
/just kidding
Thank you for your courage in saying it as it is. Though they deny it, there are many bigots on FR.
This is bad
Who are us white guys suppose to marry now?
Larry Lang, chair professor of Finance at the Chinese University of Hong Kong, said in a lecture that he didn’t think was being recorded that the Chinese regime is in a serious economic crisis—on the brink of bankruptcy. In his memorable formulation: every province in China is Greece.
The US is too Communist for them.
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