Many Rich Chinese Consider LeavingBy JEREMY PAGEWall Street Journal Nov. 03, 2011 |
![]() BEIJING—More than half of China's millionaires are either considering emigrating or have already taken steps to do so, according to a survey that builds on similar findings earlier this year, highlighting worries among the business elite about their quality of life and financial prospects, despite the country's fast-paced growth. The U.S. is the most popular emigration destination, according to the survey of 980 Chinese people with assets of more than 10 million yuan ($1.6 million) published on Saturday by Bank of China and wealth researcher Hurun Report. [...]The survey showed that 46% of respondents were considering emigrating, while an additional 14% had either already emigrated or filed immigration applications. Mr. Hoogewerf said respondents with assets of 100 million or more were even more inclined to emigrate, with 55% considering leaving China, and 21% already living overseas or having filed applications. Read More |