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Emigration Trend in China: The Wealthy Elites and Highly Skilled Middle-class rush to Leave China.

What’s behind the shift?

The evolution of Chinese emigration can be traced back to the end of the 1970s. In the late 1980s, there are rising concerns about “brain drain.

China has become one of the world’s leading sources of migrants, particularly the highly skilled and the wealthy. To be more precisely, the high-skilled and high-value emigration from China is rising fast. At the core, China’s wealthy elites and the growing middle class are ambitious to seek educational opportunities and job offer overseas.

As reported by media and surveys, more than a third of Chinese millionaires want to leave China. Los Angeles was reported to be the top city for Chinese millionaires to purchase property, followed by New York, Boston and San Francisco.

Many rich Chinese are leaving China for better education opportunities for the next generation and for the sake of China’s air pollution for sure. Generally, overseas environment grantee a better life quality and better food safety for the Asians.

Leaving overseas offers another alternative for the rich to protect their wealth as well. A recent report shows that overseas assets account for an average of 11 percent of the total assets of Chinese millionaires.

Buying overseas real estate has become a popular investment option for the immigrants. As to the priorities for purchasing overseas real estate, the respondents replied, “high cost-effectiveness” comes first, followed by investment value and “permanent property rights.”

 

▲Australia attracts immigrants for its chilled-out lifestyle and excellent life quality life. Australia’s biggest cities, literally Perth, Adelaide and Melbourne are especially popular options.

▲Iceland

according to the 2017 Global Peace Index, Ireland is definitely an extremely peaceful country to settle down once and for all. Additionally, it’s spectacular natural attractions and picture-perfect springs are the bonus.

▲Canada has the highest immigration rate per capita[1] in the world.Canada raises its net worth and investment requirements for its investment visa program in March in 2018 to limit the numbers of the immigrants.

[1] ▲capita人均地(同 per capita)


Tag: Chinese investors, President Trump’s administration tax plan, visa-free travel, Adaptability, tax cuts, Foreign exchange deposits, “immovable property” ,overseas investment, Ethnic enclaves ,immigration issues ,visible minority, housing choices , cultural and ethnic makeup ,Richmond ,Tsawwassen, Ethnic map , ethnic Chinese, off-spring of immigrants

 ▲enclave n. a part of a country that is surrounded by another country, or a group of people who are different from the people living in the surrounding area

▲diaspora n. a group of people who spread from one original country to other countries

Margaret W. Lavigne 司馬儀

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