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.
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