China's "wealth drain": Its rich emigrate Options

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[Magic Night]

I don't think it's anything bad tbh, like they say money makes the world go round. The West imports so much goods from China every year, while wealthy Chinese can move to countries like Canada or US for a better living, everyone benifits in the end.

[COPE2]

A good many of them are. Some of them are non-CCP members, but certainly have established connections with government officials. I always find it ironic that Democratic countries are so welcoming towards dirty money but hoot and holler for rule of law and transparency. I remember a corrupt government official fled to Canada, but the Canadian government wouldn't hand him over because he stole so much that he was sure to be executed, and the Canadian government doesn't extradite criminals who would be executed so he got a free lunch and was applying as a "refugee".

you can't lump all ccp members into one group. some are corrupt, some arent. the corrupt ones are usually getting money from western multinational corporations. people often talk about corruption, but very few of them talk about where the source of the corruption is coming from. the largest sources of corruption come from western multinational corporations who want concessions in mainland China. theres no way western multinationals can set up shop in China without bribing some people. other sources of corruption obviously comes from hong kong and taiwan. they also want concessions in the mainland. theres no way foxcon can set up his totalitarian factories and get away with it without bribing people. all western countries are more than welcoming of these corrupt officials, because these corrupt officials helped western countries enter the Chinese market. giving corrupt officials refuge in western countries is just reward for what the corrupt officials did for the western multinational corporations back in China. most of these corrupt officials are highly westernised and extremely CAPITALIST. theres a reason why corrupt officials from all over the world flock to western countries, because no one does corruption better than the west, where it's actually legal for corporations to give "campaign donations".

immigration is big business, and western countries know this. they spread the idea that western countries are great, giving the false impression that western countries are heaven on earth. through their corporate media, western regimes project the image that the west is a stable place to invest, while China is not safe. in it's simplest form, it is a psyop that even intelligent people fall for. the reality of it is far from true. did the u.s. not have a housing bubble? usa, and europe are all in a recesion. in america, people are getting thrown out of their houses by sherifs. a lot of Chinese are probably finding out that they left one corrupt country for an even more corrupt country. any Asians living in western countries know the level of discrimination, but you wont find this out in the media, because negative news about the west is usually suppressed. in China, they tend to hide stories about Asians getting beat up, bullied, or abused in western countries. it's the exact opposite of how western countries depict China. some of these idiots probably think that the floors in the west are paved in gold. they paint this rosey picture of western countries, so a lot of fools in China waste their life savings going to the west. each emigrant into canada has to bring in $10,000. so if you bring in 100 of them, that's a million, a million that western economies wouldnt have had, if not for these Chinese dupes. vancouver's real estate market has been entirely cooked up by Chinese emigrants. luring Chinese to the west is like tom sawyer telling people that painting fences is so much fun. anyone who wants to emigrate to the west should just save their money. you better off blowing it at a casino back home than emigrating to the west. i know this one taiwanese guy who's son emigrated to the usa, and his son doesnt even call him on his birthday. he definitely regreted going to the usa. if you want money, you always have to give up something. emigrating to the west is making a deal with the devil.

[badparticle]

..

despite what you said, most rich Chinese still prefer to emigrate to the west.

If you're not wealthy, you can't possibly comprehend rich people. Once you have the money, you think about how to spend your money. There is something money can buy, and China's rich would like to buy it.

[Suijen]

despite what you said, most rich Chinese still prefer to emigrate to the west.

If you're not wealthy, you can't possibly comprehend rich people. Once you have the money, you think about how to spend your money. There is something money can buy, and China's rich would like to buy it.

They like the West for its stability and quality of life. They hate it because it's not China and there's no money to be made. I have a friend who owns business in Foshan, and he has property in Canada. He hates Canada, but he's there with a house and a permanent resident card so his parents can have a good quality of life. But the action- the business, the money, that which you are familiar with- is in China.


It's true that many wealthy Chinese want to emigrate. Change the question to "You can emigrate to Canada...but you can never return to China again", and that changes things dramatically, especially as more and more Chinese coming back to China present a more nuanced view of life abroad. It's not always rainbows and butterflies.

[badparticle]

... "You can emigrate to Canada...but you can never return to China again", ...

For that to happen, he'd have to be in exile. He is either
a corrupt "local" official or "local" businessman wanted by the squeaky clean Beijing officials,

or

a "Hanjian" banished by the forever-correct Beijing officials.

Either way he'd very much appreciate an opportunity to be in Canada.

This post has been edited by badparticle: Dec 17 2012, 07:45 PM

[robot_devil]

For that to happen, he'd have to be in exile. He is either
a corrupt "local" official or "local" businessman wanted by the squeaky clean Beijing officials,

or

a "Hanjian" banished by the forever-correct Beijing officials.

Either way he'd very much appreciate an opportunity to be in Canada.

Spastic. Suijen was speaking in the hypothetical, but you just couldn't help it can you.

[robot_devil]

They like the West for its stability and quality of life. They hate it because it's not China and there's no money to be made. I have a friend who owns business in Foshan, and he has property in Canada. He hates Canada, but he's there with a house and a permanent resident card so his parents can have a good quality of life. But the action- the business, the money, that which you are familiar with- is in China.


It's true that many wealthy Chinese want to emigrate. Change the question to "You can emigrate to Canada...but you can never return to China again", and that changes things dramatically, especially as more and more Chinese coming back to China present a more nuanced view of life abroad. It's not always rainbows and butterflies.

You can refer to the stats on students who have earned a degree overseas where upon graduation they are eligible for citizenship. Australia for example. But because the PRC does not recognise dual citizenship, taking on Australian citizenship means the guy forfeits his eligibility for a government job in China. I had a friend who was definitely conflicted, but his preference was a PRC government job above Australian citizenship.

This post has been edited by robot_devil: Dec 20 2012, 10:13 AM

[Suijen]

You can refer to the stats on students who have earned a degree overseas where upon graduation they are eligible for citizenship. Australia for example. But because the PRC does not recognise dual citizenship, taking on Australian citizenship means the guy forfeits his eligibility for a government job in China. I had a friend who was definitely conflicted, but his preference was a PRC government job above Australian citizenship.

Many of them choose to stay, but they're not completely separated from the mainland. They will choose to at least get a greencard, which is enough for their needs anyways, and choose to retain PRC citizenship so that they can travel freely. Worse comes to worse, they can apply for a visa like everyone else considering acquiring a visa to China is a walk in the park.

[badparticle]

The Chinese commoners (laobaishing) know all about it.

I think the "wealth drain" is more of a stability problem than an economic one.

This post has been edited by badparticle: Dec 27 2012, 06:53 PM

[GaleHarold]

y. emigrating to the west is making a deal with the devil.

Don't you mean CHINESE devils, given your rant how the Chinese government suppress news of discrimination and how Chinese emigrants lure people over with their schemes?

[sewoth]

At least among the international students here (mostly from fairly rich families), the main reason is that they don't think China have the pioneering technological industry, and the companies back home require way too much politics and family relations. They feel the business here is more meritocratic. Some of them just want an easier life.

For those who want to go back, some of them feel they won't be taken seriously. They want to earn industrial credibility here first.

In any case, the media campaign of the government is failing pretty hard. They still run with a too simple story of nationalism. Nobody believe them any more, when their intent of what they want to persuade you is so clear. They should take a page from western media. At least from what I have seen, the international students here are definitely not very nationalistic. Maybe it is because there has been no binding event/cause.