Entrepreneurs FLEEING CHINA!

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Mirolyuba

Port Moody, Canada

#1 Dec 6, 2012
China's rich on the move
William Daniel Garst
Beijing December 7, 2012 1:00 am
The South Beauty chief Zhang Lan, a businesswoman known for her high-end restaurant chains in China and her celebrity daughter-in-law, recently sparked a heated debate on the emigration of rich Chinese after she was found to possess a foreign passport. Many "netizens" have lashed out at Zhang for her unpatriotic "betrayal".
In 2010, the world was given another sign of the blistering pace of Chinese economic development. That year, according to the "Hurun Rich List", China boasted the highest number of billionaires in the world.
Yet just a year later, in October 2011, the "Hurun Report" had some not so good news for China. A survey conducted by the "Hurun Report" and the Bank of China showed that 46 per cent of Chinese millionaires - individuals whose net worth exceeded US$1.6 million - were considering leaving China. Moreover, this survey and another conducted by China Merchants Bank and Bain & Company show that the richest Chinese are the most likely to emigrate.
Extremely wealthy Chinese are increasingly taking advantage of the little-known American EB-5 Visa programme, designed to lure foreign investment to the US. Under its provisions, foreigners investing $500,000 or more in a business that creates 10 or more jobs can receive a green card. More than 2,900 Chinese applied for the visa last year, up from 63 in 2006.
The growing interest in investment emigration illustrates the old adage among China's rich that "nothing is a problem if money can solve it". In this instance, by enabling the very wealthy to "invest" their way to US citizenship, the money is a solution to Chinese millionaire and billionaire concerns over quality-of-life issues in China.
In the Hurun survey, 60 per cent of respondents said they wished to leave China in search of better educational opportunities for their children. Worries over pollution and food safety were also among the reasons for emigrating. Some also cited concerns over corruption. Government leaders have acknowledged that this is a problem. However, the chief political anxiety of the wealthy stems not from unhappiness with China's government. Instead, it is driven by growing fear of popular resentment against the rich.
Indeed, in a 2012 Pew Research Centre Global Attitudes Survey of China, 87 per cent of respondents viewed socio-economic inequality to be at least a moderately big problem. And 45 per cent completely agreed and 36 per cent mostly agreed with the statement that "Today, it is true that the rich get richer and the poor get poorer".
....
Mirolyuba

Port Moody, Canada

#2 Dec 6, 2012
....
This discontent with, or even hatred of, some rich who like to show off their wealth, are surely fuelling worries among rich Chinese about possible wealth redistribution in the country.
Will this exodus of the wealthy harm China's economy? One could argue that China may be hurt by capital flight accompanying their departure. However, foreign manufacturers and other businesses continue to see China as an attractive place to set up shop. The continued strong inflows of direct foreign investment will certainly dwarf whatever capital China loses from wealthy Chinese "investing" in US green cards.
But mass emigration of wealthy Chinese, if it indeed comes to pass, poses another problem for China's economy. Losing such individuals will deprive China of entrepreneurial talent, which is an essential element in ensuring continued rapid economic growth. This impact is unlikely to be offset by any positive gains China could make from emigrants serving as an overseas voice for Chinese businesses. Given both their small numbers and limited scale of investment relative to the size of the US economy, rich Chinese migrants will be a weak lobby group. US policy on matters such as acquisition activity by Chinese companies will still be determined by broader shifts in American public opinion.
Thus China's increasingly footloose wealth poses yet another challenge. The Chinese government has made enhancing the quality of life, especially with respect to the environment, healthcare and education, a main priority. And greater investments in education and health could also improve the lives of ordinary people, thereby narrowing the widening socio-economic gap fuelling their resentment against the wealthy.
With increasing numbers of rich Chinese already leaving the country or contemplating doing so, getting all of this right will have to be accomplished sooner, not later.
Mirolyuba

Port Moody, Canada

#3 Dec 6, 2012
They are no dummies.

They know the Chinese Communist Party will turn on them to save itself.

Once again, China will consume itself, as the CCP's policy of dividing the classes and pitting them against each other in order to preserve the power of the CCP gang continues.
Mirolyuba

Port Moody, Canada

#4 Dec 6, 2012
I've been predicting for years that the Chinese Communist Party will inevitably have to sacrifice China's national interest and development to save its own skin. There is no alternative for the CCP that is incapable of political reform, and frozen forever in the Stalinist past.

Now it is proving itself to be inevitable.

As things fall apart, the desperate CCP will have no way to save itself but to incite class-warfare in China once again.

The is a REASON they still call themselves the "Communist" party. They will be as "red" as needed to save themselves, and China will once again be set back DECADES due to the "special needs" of the CCP.

Poor, poor China.

When will she free herself of this CCP trap?
Mirolyuba

Port Moody, Canada

#5 Dec 6, 2012
I wonder which entrepreneurs will be killed FIRST?

The RICH Chinese Communist Party Cadres are MOVING ASSETS OVERSEAS for a REASON!

They will PRETEND to be "of the people" again, put on their costumes and chant the same swindles, and murder businesspeople while their OWN LOOT is safe overseas with their families!

So, I'm betting the manufacturers will be FIRST, as they have "outlived their usefulness" to the CCP........
CHINA HUMILIATED by CCP

Surrey, Canada

#6 Dec 8, 2012
"The growing interest in investment emigration illustrates the old adage among China's rich that "nothing is a problem if money can solve it". In this instance, by enabling the very wealthy to "invest" their way to US citizenship, the money is a solution to Chinese millionaire and billionaire concerns over quality-of-life issues in China."

The smart ones are already gone.......
ASIA LATIN AFRO MID EAST

United States

#7 Dec 8, 2012
Over Million plus Professional Immigrants (Science/tech nology ) from CHina, India ... returning home in emasses because of US Militaristic/imperialistic empire corruption...
BWHhahhahahhaha
SpongeBob

Toronto, Canada

#8 Dec 8, 2012
No surprise when Chinks have been lining up in front of their own immmigration Department for years to get out of mainland. Wahhahahahaa!
CHINA HUMILIATED by CCP

Surrey, Canada

#9 Dec 8, 2012
True. It is obvious to everyone on earth that a tsunami of talent has been fleeing mainland China for years, along with the CCP thieves moving their loot and family overseas.

Everyone who CAN leave,does, and that includes the CCP themselves.

For them, it is "take the money and run".
UIdiotRaceMAKEWO RLDPEACE

United States

#10 Dec 8, 2012
The World masses who stand for world human rights, World peace...will be winners! One for the world masses, Justice is on those who stand foe World peace ans stability! Hooray! DING DONG Evil will go to hell!
Hope this will ROCK ALL YOUR LITTLE BOATS especually those who support evil Bush & Co! BWHAHAHHAAHHAA

THE world in power already know about US evil cabal deeds and 9/11, 3/11...
The US Pentagon Obama & co , Good CIA, MI6 are now working with 150 nations BRIC group , White Dragon, and International Criminal Court are looking for biggest criminal cabal NEOCONS Bush & co, Rothchilds, Rockfellers, US NeoCons ... this group are cause of all ills around the globe
Western Puppets like Japan and S.Korea ....will soon drop out from warmongering western controls
Already over 150 nations BRIC group will be working together and had enough of the war mongering bullying US Militarism/imperialism agendas with its western allies left to defend its dying warring Western cabal ... asking Western nations to Give up the criminal western Cabal , the world Corrupted Power elite WAR Mongering groups like Bush &co , RockerfellerS, Rome Club,US NAzi, Zionist ,US NeoCons,US neo Malthusian , the radical US right as this evil Western cabal had been causer of most of the world problems for over a century or more. You know who you are! MirolubyA and others who support this legendary evil criminal Western warring cabal will sooner or latter see justice for war crimes against humanity.
You Shills, have no where to run !MWHAHAHHHAAHAH
UIdiotRaceMAKEWO RLDPEACE

United States

#11 Dec 8, 2012
CHINA HUMILIATED by CCP wrote:
True. It is obvious to everyone on earth that a tsunami of talent has been fleeing mainland China for years, along with the CCP thieves moving their loot and family overseas.
Everyone who CAN leave,does, and that includes the CCP themselves.
For them, it is "take the money and run".
Corrupted US lapdoggy Canadians are in deep hurt, read my post! So, you on wrong side of history! You history for supporting corrupted US warmongers who plunders, steals, kills, genocides, rapes... other nations !
CHINA HUMILIATED by CCP

Surrey, Canada

#12 Dec 8, 2012
True. It is obvious to everyone on earth that a tsunami of talent has been fleeing mainland China for years, along with the CCP thieves moving their loot and family overseas.

Everyone who CAN leave,does, and that includes the CCP themselves.

For them, it is "take the money and run".

They also send fools paid nickels to cover their flight with "anti-imperialist" propaganda laughed at for decades, apparently.
UIdiotRaceMAKEWO RLDPEACE

United States

#13 Dec 8, 2012
SpongeBob wrote:
No surprise when Chinks have been lining up in front of their own immmigration Department for years to get out of mainland. Wahhahahahaa!
Those who running from China away are not skilled technical Professionals who don't have technical skills to build a nation, without these Technical skilled professional no new scientist, engineers... means a nation Infrastructure become a Third world nation back to stone age! WBHAHAHHAHHAHAA
ASIA LATIN AFRO MID EAST

United States

#14 Dec 8, 2012
CHINA HUMILIATED by CCP wrote:
True. It is obvious to everyone on earth that a tsunami of talent has been fleeing mainland China for years, along with the CCP thieves moving their loot and family overseas.
Everyone who CAN leave,does, and that includes the CCP themselves.
For them, it is "take the money and run".
They also send fools paid nickels to cover their flight with "anti-imperialist" propaganda laughed at for decades, apparently.
But already CCP had been purged of Corrupted, still have some work to do before corrupted is pursued an presecuted. China already building up its infrastruture and providing somewhat what china masses wanted, and had taken around 1/3 out of poverty... trying to depressing inflation and offering social welfare to those with need, and the Developing nation have problems to solve. and While the west is on the decline! Don't be jealous.
SpongeBob

Toronto, Canada

#15 Dec 8, 2012
UIdiotRaceMAKEWORLDPEACE wrote:
<quoted text> Those who running from China away are not skilled technical Professionals who don't have technical skills to build a nation, without these Technical skilled professional no new scientist, engineers... means a nation Infrastructure become a Third world nation back to stone age! WBHAHAHHAHHAHAA
What is Chinese definition of..." Professional and skill concept"?????? Coppycat, technological thefts and...cheap labor, low quality?????? The fact says the other way around thru Chinese emigration! Wahahhahaa!
UIDIOTRACEMAKEWO RLD PEACE

United States

#16 Dec 8, 2012
SpongeBob wrote:
<quoted text>What is Chinese definition of..." Professional and skill concept"?????? Coppycat, technological thefts and...cheap labor, low quality?????? The fact says the other way around thru Chinese emigration! Wahahhahaa!
During US industrial revolution you did same , Stoled patents, inventions from Europe. And even worst US even plunder other nations resources...
TOO DUMB

Brooklyn, NY

#17 Dec 8, 2012
UIDIOTRACEMAKEWORLD PEACE wrote:
<quoted text>During US industrial revolution you did same , Stoled patents, inventions from Europe. And even worst US even plunder other nations resources...
Except he's a Gook and they don't know how to copy.
A-HAHAHAHAHHAHAHAHAHAHAHHAHAHA HAAHAA!
SpongeBob

Toronto, Canada

#18 Dec 8, 2012
UIDIOTRACEMAKEWORLD PEACE wrote:
<quoted text>During US industrial revolution you did same , Stoled patents, inventions from Europe. And even worst US even plunder other nations resources...
So, you chinks followed Uncle Sam's steps and trying in denial as of new super power, don't you? Wahahahaha! How patheric you are!...
THATS RIGHT

Brooklyn, NY

#19 Dec 8, 2012
China has no such aspirations but the world demands that China take the reins.

Oh well
UIDIOTRACEMAKEWO RLD PEACE

United States

#20 Dec 8, 2012
SpongeBob wrote:
<quoted text>So, you chinks followed Uncle Sam's steps and trying in denial as of new super power, don't you? Wahahahaha! How patheric you are!...
Look pale face not a chink! No world want to follow Uncle Same criminal, warmongering and corrupted practices !!50 nations already see US as an evil!

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