EXODUS: Money, People, FLEEING CHINA!

EXODUS: Money, People, FLEEING CHINA!

Posted in the China Forum

CCP are WEAK as Ching

Port Moody, Canada

#1 May 22, 2013
People and Funds Surge Out of China

Chinese snapping up real estate in US, Canada, Australia, and UK
By Ren Yi, Epoch Times | May 22, 2013Last Updated: May 22, 2013 6:54 am

More in China Business & Economy

Slower Chinese Growth Adds to Pressure on Leaders

Chinese Consumers Squeezed By Inflation

The number of Chinese purchasing property in Western countries and transferring their money out of China, both legally and illegally, has been significantly increasing since 2011.

An analyst in the financial industry says that currently there are four groups of people who transport assets overseas in order to avoid loss from social unrest in China: immigrants, investors, business owners, and celebrities.

Still another group is “naked officials”—so called because they send their families to live abroad, leaving them alone in China—or corrupt officials who are transferring illegally obtained funds overseas in case they have to flee China in a hurry.

Hot Real Estate
Chinese buyers are heating up real estate markets around the world.

In the United States, the National Association of Realtors (NAR) released its annual report showing that in 2007 purchases of U.S. property by Chinese accounted for 5 percent of total international sales.

However, by 2011, it jumped to 11 percent, and Chinese (including Hong Kong buyers) spent a total of US$9 billion on real estate purchases. China thus became the second-largest overseas buyer of real estate in the United States for the second consecutive year.

From 2010 to 2011, Chinese buyers invested 4.09 billion Australian dollars (US$4 billion) in the Australian real estate market to become Australia’s second-largest overseas buyer.

Colliers International, a real estate consulting firm, released a report in early 2012 showing that over the past 20 years, there was an upward trend in Chinese investors purchasing real estate in Canada. The proportion of Chinese buyers in Vancouver, Canada, rose from 29 percent in 2011 to more than 40 percent in 2012.

In June 2011, according to a survey by Knight Frank, a real estate brokerage firm in the U.K., Chinese buyers spent 120 million pounds (US$182 million) on real estate purchases in London.

Meanwhile, the International Talent Blue Book’s “China International Migration Report (2012)” disclosed that China is currently experiencing a third wave of immigration. In 2011, China had more than 150,000 people permanently emigrate to several of the world’s major countries.

...
CCP are WEAK as Ching

Port Moody, Canada

#2 May 22, 2013
...
Underground Banks Booming
According to a report by China Economic Weekly, in the city center of Shenzhen, in southern China, many shops, fronting as education agents, operate underground banks.

These banks allow transferred funds to be wired to an account within the territory. Afterward, the underground banks deposit the equivalent in foreign currency in the overseas account opened for the customer.

Generally, they will operate a number of accounts simultaneously to avoid detection. The banks charge a handling fee of 0.8 to 1.5 percent in accordance with the volume of transactions.

Money is also laundered through offshore casinos, and bankcards and cash are successfully transferred overseas, bypassing China’s State Administration of Foreign Exchange (SAFE).

A branch president of the China Construction Bank told a reporter from The Epoch Times,“China’s economy is in a bad situation, and lots of legal and illegal funds are being sent overseas. We have lots of money in circulation every day. There is an obvious problem, judging from the flow of the funds, and the abnormality can also be seen from the amount of money and turnover period.”

Import and Export Trade
Chinese trading companies have devised a way to increase their profits in overseas accounts by collaborating with overseas companies. The Chinese companies are reporting higher import prices and lower export prices, enabling them to keep large profits in overseas accounts.

This phenomenon is already being reflected in public trade data. According to the official customs statistics, in the first quarter of this year, exports from mainland China to Hong Kong totaled US$105.6 billion, which is a year-on-year increase of 74.2 percent.

People in the industry say it is unusual for first quarter exports to increase so drastically and far exceed the import prices. Zhu Haibin, JP Morgan’s chief China economist, told China Economic Weekly, that their analysts “do not rule out the possibility that capital and profits are being transferred overseas through exports to Hong Kong.”

In addition, analysts believe that in 2011, the Chinese regime approved 10 times more overseas investments, increasing the amount of transferred funds as well.

Translation by Irene Luo. Research by Sunny Chao. Written in English by Arleen Richards.

Read the original Chinese article.
CCP are WEAK as Ching

Port Moody, Canada

#3 May 22, 2013
JUNE FOURTH MASSACRE

Surrey, Canada

#6 May 23, 2013
Say, how much did you STEAL before FLEEING to the USA, "Comrade"?
JUNE FOURTH MASSACRE

Surrey, Canada

#8 May 23, 2013
"The number of Chinese purchasing property in Western countries and transferring their money out of China, both legally and illegally, has been significantly increasing since 2011.

An analyst in the financial industry says that currently there are four groups of people who transport assets overseas in order to avoid loss from social unrest in China: immigrants, investors, business owners, and celebrities.

Still another group is “naked officials”—so called because they send their families to live abroad, leaving them alone in China—or corrupt officials who are transferring illegally obtained funds overseas in case they have to flee China in a hurry. "

In other words, anyone who CAN LEAVE the Chinese Communist Party slave-state IS LEAVING the Chinese Communist Party slave-state!
JUNE FOURTH MASSACRE

Port Moody, Canada

#9 May 24, 2013
ASIA AFRO LATIN MID EAST wrote:
BWajhahahahahaaa
The Professional immigrants (china, india ...) with Science/ tech ....are leaving unDemocratic US and returning home in enmasse!
And, insult to inquiry, as quite a number of US/west Affluent are leaving their birth place and even renouncing US citizenship...! But chinese Affluent maybe leaving but not rarely renouncing their Chinese citizenship! HBWhahahahaaa
Say, how much did YOU STEAL before FLEEING to the USA, "Comrade"?
JUNE FOURTH MASSACRE

Surrey, Canada

#11 May 24, 2013
ASIA LATIN MID EAST AFRO wrote:
<quoted text>tELL US ABOUT hOW MUCH YOU sTEAL /STOLE TAKE FROM WORLD , YOU WAR mongering barbarain? Not a Commie! So you a comrade? How is you schizo paranoid fit TODAY?
You mean the fascist plundering/mass world murdering Neo-imperialist scheming Mirolubya of US /Canada stole from the world and hiding ! Shame on you! JAJAJAAJAJJAAJAA
So you are saying you stole enough from impoverished Chinese farmers to ESCAPE TO THE UNITED STATES OF AMERICA?

WOW!

What a scummy lowlife you are!
JUNE FOURTH MASSACRE

Port Moody, Canada

#12 May 28, 2013
“Ordinary people are losing faith in the government, because of problems accumulating over a long period,” she said.“I don’t think their main duty is to improve the economy ... it’s to improve the quality of life, so that we don’t have to eat oil from the gutter, or worry about milk.”

from:
http://www.japantimes.co.jp/news/2013/05/29/a...

Well put. It is good to see Chinese people losing their fear of the CCP dictatorship.
JUNE FOURTH MASSACRE

Surrey, Canada

#14 May 29, 2013
“China International Migration Report (2012)” disclosed that China is currently experiencing a third wave of immigration. In 2011, China had more than 150,000 people permanently emigrate to several of the world’s major countries."

The lucky ones.
ASIA LATIN AFRO MID EAST

United States

#15 May 29, 2013
JUNE FOURTH MASSACRE wrote:
<quoted text>
So you are saying you stole enough from impoverished Chinese farmers to ESCAPE TO THE UNITED STATES OF AMERICA?
WOW!
What a scummy lowlife you are!
No! No nation compare that you and your few cohorts LAP DOGGY DOG cANADA... ALONG are The Biggest world plunderer US militaristic neo-imperailsit and is world biggest mass murderers! YOu Evil miro! Let talk about how the plundering warlike (western Appartuses like: WTO, IMF ... takes advantage 0f Farmers of the world! BWBBABABABBAABAAAA Caught you red handed miss Bimbo warmongering plundering mass murderous Mirolubya the evil world scvmbagger who support evils!! BWBBAaaaAAAA
JUNE FOURTH MASSACRE

Port Moody, Canada

#16 May 30, 2013
ASIA LATIN AFRO MID EAST wrote:
<quoted text>No! No nation compare that you and your few cohorts LAP DOGGY DOG cANADA... ALONG are The Biggest world plunderer US militaristic neo-imperailsit and is world biggest mass murderers! YOu Evil miro! Let talk about how the plundering warlike (western Appartuses like: WTO, IMF ... takes advantage 0f Farmers of the world! BWBBABABABBAABAAAA Caught you red handed miss Bimbo warmongering plundering mass murderous Mirolubya the evil world scvmbagger who support evils!! BWBBAaaaAAAA
So you are saying you stole enough from impoverished Chinese farmers to ESCAPE TO THE UNITED STATES OF AMERICA? And you feebly try to HIDE your SHAME at swindling Chinese peasants by SPEWING backwards hate propaganda?

WOW!

What a REALLY scummy lowlife you are!
JUNE FOURTH MASSACRE

Surrey, Canada

#19 May 31, 2013
CCP CLOWNS make the whole world LAUGH!

HA HA HA HA HA HA HA HA!
JUNE FOURTH MASSACRE

Port Moody, Canada

#20 Jun 3, 2013
ASIA LATIN AFRO MID EAST wrote:
<quoted text>No! No nation compare that you and your few cohorts LAP DOGGY DOG cANADA... ALONG are The Biggest world plunderer US militaristic neo-imperailsit and is world biggest mass murderers! YOu Evil miro! Let talk about how the plundering warlike (western Appartuses like: WTO, IMF ... takes advantage 0f Farmers of the world! BWBBABABABBAABAAAA Caught you red handed miss Bimbo warmongering plundering mass murderous Mirolubya the evil world scvmbagger who support evils!! BWBBAaaaAAAA
So you are saying you stole enough from impoverished Chinese farmers to ESCAPE TO THE UNITED STATES OF AMERICA? And you feebly try to HIDE your SHAME at swindling Chinese peasants by SPEWING backwards hate propaganda? And now you HIDE when exposed as a CCP thief?

WOW!

What a REALLY scummy lowlife you are!
JUNE FOURTH MASSACRE

Port Moody, Canada

#21 Jun 5, 2013
Funny how the CCP's Wu Mao here are FRANTICALLY POSTING stories FROM SEVERAL YEARS AGO about foreigners "flocking to China"!

Talk about DESPERATE!

HA HA HA HA HA HA HA HA!
Unemployment SOARS in Chi

Port Moody, Canada

#23 Jun 12, 2013
China: Employment Trouble Ahead

By Dexter Roberts
June 11, 2013

China’s economic headache just got a little worse. Along with rising local debt, plunging exports, and lackluster investment, add the specter of weak employment.“Hiring plans in China stand at their weakest level since 1Q 2010,” warned Manpower Group (MAN) in a June 11 press release (PDF) for its quarterly China employment outlook survey.“Quarter-over-quarter, the Outlook declines by 4 percentage points and hiring plans are 6 percentage points weaker year-over-year,” the report (PDF) says.

Manpower surveyed 4,241 employers in mainland China, asking their hiring plans for the period from July through September. Manpower’s “net employment outlook” simply refers to those who plan to hire, less those who say they will cut staff. Manpower canvasses companies every quarter in 42 countries and territories. China fell in the bottom six for weakness, with India and Sweden even worse.“Employers in two of the [Asia Pacific] region’s largest economies—China and India— continue to scale back their hiring plans,” Manpower said in its global report (PDF), released at the same time.

While companies in China still plan to bring on staff—14 percent say they will hire and only 2 percent plan to fire (45 percent say no change is expected)—many more say they are uncertain about what the future will bring. That number grew from 26 percent a year ago to 39 percent today.

“We still face challenges of an uncertain economic environment overseas, such as the euro-zone recession and sluggish US demand, and this is definitely having an impact on China’s outlook in coming months.” said Zhang Jinrong, Managing Director of ManpowerGroup China, in the press release.“Rising production costs are also influencing employer hiring plans. The overall cost advantages that Chinese companies have traditionally enjoyed may gradually disappear.”

The findings revealed where the real weakness is. Of the six industry sectors surveyed, all showed hiring plans weaken quarter-over-quarter, as well as from a year ago. Most pessimistic were firms in finance, insurance and real estate, with an outlook decline of 20 percentage points over the same quarter in 2012, and the mining and construction sector, down 11 percentage points. Even those less-gloomy industries showed notable declines: a six percentage point drop for both the services and wholesale and retail trade sectors, and a 5 percentage point drop for manufacturers

The employment survey follows some disappointing news for China’s entire manufacturing sector. The HSBC (HBC) purchasing managers’ index, released on June 3, showed the first deterioration in overall conditions in seven months, a decline in orders and export orders, and the second month in a row in which companies reported job cuts.“The rate of job shedding was modest, and linked to both employee resignations and companies down-sizing,” according to the HSBC statement.

“Employment matters a lot for them. If the labor market does well, then social and political pressures on the government will not be an issue,” says Louis Kuijs, chief China economist at Royal Bank of Scotland in Hong Kong.“If we are going to see labor market weakness, it is going to be harder for the government to resist calls for more stimulus—and a more expansionary stance.”



Roberts is Bloomberg Businessweek's Asia News Editor and China bureau chief.
JUNE FOURTH MASSACRE

Port Moody, Canada

#24 Jun 12, 2013
"Of the six industry sectors surveyed, all showed hiring plans weaken quarter-over-quarter, as well as from a year ago. Most pessimistic were firms in finance, insurance and real estate, with an outlook decline of 20 percentage points over the same quarter in 2012, and the mining and construction sector, down 11 percentage points. Even those less-gloomy industries showed notable declines: a six percentage point drop for both the services and wholesale and retail trade sectors, and a 5 percentage point drop for manufacturers."

Jobs are drying up due to CCP mismanagement.......
OCCUPY TIANNANMEN

Surrey, Canada

#25 Jun 12, 2013
The banks in China have been bled dry subsidizing CCP orgies and obsolete SOE's.......
Old Jew

San Francisco, CA

#26 Jun 12, 2013
Iggy, iggy.iggy
OCCUPY TIANNANMEN

Surrey, Canada

#27 Jun 12, 2013
......even RUBBER DUCKIES are trying to FLEE CHINA via the rivers........

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