If you’re a foreigner with one million dollars to invest in the U.S. (or five hundred thousand in a high unemployment or rural area), there’s a government program that will grant you U.S. residency. In 2013, 6,895 visas where issued to Chinese, 80% of the total.
As the Chinese upper-class has gotten richer, many are looking to emigrate to more comfortable shores. Many wealthy officials are also looking to find safe havens for ill-gotten riches. Whether ill-gotten or not, Chinese are now the top real-estate investors in Manhattan, with San Francisco another major hub of Chinese property investments.
According to Chinese state media, 1 in 3 Chinese millionaires have already left China, with 63% of the total intending to leave. So why are they leaving? Pollution? Corruption? Human rights? Maybe. But knowing the Chinese mentality of fear (which may or may not relate to bloody and unpredictable political movements in China), and the general Asian propensity to save–my expert guess is that it’s just safer to not be in China.
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