Skip to content

Is It a U.S. Conspiracy to Attract Wealthy Chinese Immigrants?

China Business Times published an article on July 4, 2011, blaming the United States for adjusting its policies in order to attract wealthy Chinese immigrants and drain China of all of its wealth. “Many people believe that it is an America’s conspiracy to attract wealthy Chinese to the U.S.”

“According to the ‘2011 China’s Private Wealth Report’ issued by China Merchants Bank, 60% of the individuals in China with a high net worth, i.e., those who have 10 million yuan ($US1.546 million) in individual assets, are not only considering emigration through investment but have almost completed their immigration process. According to the article, among those who possess over 100 million yuan (US$15.46 million), 27 % have already emigrated overseas, while 47% are considering leaving China.” The article continued, “A non-profit organization ‘Global Financial Integrity,’ ranked China as the top exporter of illicit capital in the world, having exported US$2.18 trillion between 2000 and 2009. Based on China’s huge population, the average outflow of illicit money from China is US$1,600 per Chinese.”

Source: China Business Times, July 4, 2011