Chinese Rich Plan to Leave in Droves, Here’s Where They Want To GoPosted: 06/13/2014 2:17 pm
China could see a mass exodus of wealth if a recent survey on emigration plans is any indication.
Hurun Research says 60% of wealthy Chinese are planning to emigrate to developed countries, with many tired of things like poor air quality and questionable education standards in China. In fact, the top three reasons to leave for greener pastures overseas are:
- Better education / opportunities for their children
- Cleaner air
- Better food security
So where do the rich elites want to go?
In terms of cities, most wealthy Chinese want to emigrate to Los Angeles, San Francisco and New York. Outside of the US, Vancouver was the most popular.
Another interesting result is that 16% of wealthy Chinese have direct investments in foreign countries, mostly in the form of property.
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