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.