Chinese Rich Folks Are Leaving The Country

Via Also sprach Analyst:

Bain & Co and China Merchant’s Bank Private Wealth Report 2011 found that the so-called high net worth individuals rose 19% in 2010 compared to 2009.  Sadly, 60% of them are considering emigration or are already doing so, and 27% of those with 100 million yuan have already emigrated, and 47% of those are considering.

Ageing and people emigrating away from the country means ultimately less people working in the country.  The impact is slow and not obvious, but that’s another downside.

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