Wealthy Chinese moving abroad: Survey | world | Hindustan Times
Today in New Delhi, India
Dec 03, 2016-Saturday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Wealthy Chinese moving abroad: Survey

world Updated: Feb 28, 2014 00:18 IST
Sutirtho Patranobis
Sutirtho Patranobis
Hindustan Times
Highlight Story

More than 3,00,000 Chinese citizens on average are emigrating every year because of increasing cost of living in their country of birth, choking pollution, a stifling education system and the opportunity to diversify investments, a top Beijing-based think-tank has said.

It found that since 1990, as many 9.34 million Chinese have permanently moved abroad.

As of today, China is the fourth in the list of countries whose citizens are looking to emigrate after India, Mexico and Russia, the survey said.

Top destinations for wealthy Chinese mostly in their mid-30s include the US, Canada, Singapore, Australia, New Zealand and some European countries.

Even Japan, whose relationship with China is increasingly souring over disputed island claims and a violent history, is an attractive destination for students, who often stay back after completing their studies, said Wang Huiyao, director of the Centre for China and Globalisation (CCG) a think-tank which focuses on China’s global talent pool and migration patterns.

The CCG recently published the blue book — treatise that is published by a think-tank or academic institution — on the ‘Annual Report on Chinese International Migration 2014’.

“The reasons are many: globalisation, the telecom revolution, economic reasons and job opportunities. Two big reasons children’s education and environmental issues,” Wang said, adding as more Chinese go abroad as tourists, their experiences are changing the way they look at the world.

Chinese investor emigration is also rising sharply. For example, investor emigrants – carrying a particular category of visa -- to the US rose to 6124 in 2012 from 2408 and 772 in the two previous years.