Friday, August 15, 2014

The Great Chinese Exodus : Many Chinese are leaving for cleaner air, better schools and more opportunity. But Beijing is keeping its eye on them.

The Wall Street Journal reports:
A survey by the Shanghai research firm Hurun Report shows that 64% of China's rich—defined as those with assets of more than $1.6 million—are either emigrating or planning to.

To be sure, the departure of China's brightest and best for study and work isn't a fresh phenomenon. China's communist revolution was led, after all, by intellectuals schooled in Europe. What's new is that they are planning to leave the country in its ascendancy. More and more talented Chinese are looking at the upward trajectory of this emerging superpower and deciding, nevertheless, that they're better off elsewhere.
An article well worth your time.