Many rich mull leaving China
Source: Agencies |
00:43 UTC+8 November 1, 2011
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Print Edition
Print Edition
NEARLY half of Chinese worth more than 10 million yuan (US$1.6 million) have considered emigrating, mainly to seek better opportunities for their children's education, results of a new survey showed.
The survey released over the weekend by the Hurun Report, which also publishes an annual China rich list, and Bank of China, said 46 percent of the 980 millionaires on Chinese mainland surveyed are thinking of leaving the country.
Fourteen percent have either emigrated or applied, said the poll, which was taken in 18 Chinese cities from May to September, and 60 percent of them want to leave to seek a better education for their children.
China has delivered quick economic growth and higher standards of living for its people. But it still has a long way to go to tackle longstanding problems, including a rigid education system, high living costs, food-safety issues and worsening pollution that have led some to consider leaving.
"To buy a house in Beijing, the price now is the same as that abroad, but you enjoy no other benefits," a woman surnamed Luo, who has emigrated to Britain, was quoted as saying in a recent issue of popular magazine Lifeweek. "To live abroad, the cost is not higher, but you definitely enjoy it more."
One third of the people surveyed have engaged in "investment immigration," which allows a person to emigrate after he or she agrees to first invest a certain amount of money in the host country.
The survey did not list the most popular destinations for China's rich emigrants though Xinhua news agency said in October that Canada and Australia are the two most favored.
The report was greeted with envy online. Most Internet users on China's microblogging website Sina Weibo said they would do the same if they were rich.
The survey released over the weekend by the Hurun Report, which also publishes an annual China rich list, and Bank of China, said 46 percent of the 980 millionaires on Chinese mainland surveyed are thinking of leaving the country.
Fourteen percent have either emigrated or applied, said the poll, which was taken in 18 Chinese cities from May to September, and 60 percent of them want to leave to seek a better education for their children.
China has delivered quick economic growth and higher standards of living for its people. But it still has a long way to go to tackle longstanding problems, including a rigid education system, high living costs, food-safety issues and worsening pollution that have led some to consider leaving.
"To buy a house in Beijing, the price now is the same as that abroad, but you enjoy no other benefits," a woman surnamed Luo, who has emigrated to Britain, was quoted as saying in a recent issue of popular magazine Lifeweek. "To live abroad, the cost is not higher, but you definitely enjoy it more."
One third of the people surveyed have engaged in "investment immigration," which allows a person to emigrate after he or she agrees to first invest a certain amount of money in the host country.
The survey did not list the most popular destinations for China's rich emigrants though Xinhua news agency said in October that Canada and Australia are the two most favored.
The report was greeted with envy online. Most Internet users on China's microblogging website Sina Weibo said they would do the same if they were rich.
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