Rich Chinese Flee, Bringing Their Wealth With Them
21st December 2012
A new report in China shows that 150,000 Chinese – most of them wealthy – emigrated to other countries in 2011. While that number may not seem high for a country of more than a billion people, the flight of China’s richest – and the offshoring of their fortunes – could cost the country jobs and economic growth, according to the study from the Center for China and Globalization and the Beijing Institute of Technology.
Duh. ‘Let’s see – I’ve got pots of money. Should I stay in a Communist country? Or go to a free country?’