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Daily Archives: February 22, 2012

The exodus of Chinese rich

According to WSJ, one recent survey found that 60% of about 960,000 Chinese people with assets over 10 million yuan ($1.6 million) were either thinking about emigrating or taking steps to do so. The U.S. was the top destination, followed by Canada, Singapore and Europe. Most people cited their children’s education as the main reason, followed by concerns over air quality, food safety and financial security.

Here is a snapshot of China’s new millionaires:

 

And the related WSJ video interview.