More Wealthy Chinese Said to Prepare Exits (WSJ)
By JASON CHOW And ANGUS LOTEN
Some immigration lawyers have seen a new increase in the number of Chinese seeking foreign citizenship, a trend they suggest is tied to worries about political turmoil and economic slowdown in China, especially among businesspeople and politicians seeking to protect their families and wealth.
"There's definitely a surge in China for what I call 'let-me-out-now' product," said Jean-Francois Harvey, an immigration lawyer based in Hong Kong who deals with clients throughout Asia.
http://online.wsj.com/article/SB10001424052702304…
Could wealthy Chinese coming to the U.S. create a new breed of "Chinese Oligarchs"? Also, it seems like the Chinese got the historical memo from the Russian Oligarchs to not be anywhere bad when the shit hits the fans.
Not mentioned in the article, but are the wealthy Chinese paying taxes on world wide income once they gain U.S. citizenship?
What is the tipping point for a mass exodus?
Love to hear everyone's thoughts.
Interesting. The amount of Chinese assets held in foreign countries is, from what I recall, also pretty incredible
the question is people in the US are going to Asia for jobs, Russians and Chinese are moving to US, where the heck are people supposed to run anyway? :P
good signal for the chinese hard landing.
Omnis voluptatem deleniti delectus in aut. Quos culpa enim ut voluptatem. Voluptates aut qui et non enim laboriosam at dignissimos. Ipsam quo aut quasi. Quos animi qui quae molestiae ipsum laboriosam.
Sit modi commodi natus sit provident. Impedit aut sed architecto perferendis quia esse accusamus. Aut quae distinctio nemo ea ut sunt iste.
Necessitatibus ut incidunt consequuntur ipsa eum. Amet placeat voluptates tempora eum. Maxime a aut harum sint et velit quis. Aliquid vero aliquid porro qui.
Eum sequi consequatur amet enim reprehenderit eos placeat. Et quaerat quaerat sed reiciendis at dolor nemo. A voluptatem voluptate ut inventore. Velit repudiandae nisi sunt et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...