The surge of emigration was not something that was talked about in China until yesterday. The news broke when CCTV made special footage on emigration, which indicates the seriousness of the issue.
Another graver piece of news is that even CCTV dared not persuade rich people not to emigrate, but only reminded them that they should not emigrate through an illegal immigration agency. From that we can see how justified it is to emigrate.
People are only given the advice not to emigrate through an illegal agency
In CCTV’s news program last week, it played a special footage, more than 10 minutes long, that gave an example of an investment immigrant to the US who found that he had been deceived when he arrived in the United States.
To be frank, even if one has obtained a conditional green card, one is still not sure whether one can obtain a permanent green card two years later. Moreover, there is risk with respect to the return of the investment. The footage tells quite a good story, but avoids touching the reason of emigration.
A recent Japanese survey claims that of the Chinese who have assets worth 10 million yuan of Renminbi, 60% have already emigrated or are considering emigration. This is certainly an exaggeration because a moderately good housing unit is worth more than 10 million yuan now.
Do 60% of their owners want to emigrate? The above survey is unbelievable, but the accurate percentage is very hard to get. According to the figure of investment immigrants made public by the United States, 70% of such immigrants have come from China. The reasons of immigration for those people are worth studying.
Businessmen depart to avoid anti-corruption risk
The major reason for owners of small and medium-sized enterprises emigrating is the worsening of the business environment. Their enterprises have developed to the stage that needs to be upgraded into a new phase of development, but would remain stagnant if no additional funds, technology or management expertise is available. The intensified monopoly of state-owned enterprises leaves less room for the development of small and medium-sized enterprises.
Another reason is the popular anti-corruption campaign. Those enterprise owners have committed more or less bribery. If the officials they have given bribes to are in trouble, they will be involved too. They leave China to flee the risk.
The heartless ones among them even give bribes to bank managers to get loans by abnormal means before their departure and leave China with the borrowed money.
Others who have strong sense of family emigrate to give their children better education opportunities.
The central authority must pay attention as confidence in the country is affected
Emigrants take away not only funds but also management expertise. In addition, it gives rise the tendency of lacking faith in the country’s future. The central authority should not be indifferent to that.Source: Ming Pao “South China observation: central authority dare not face surge of emigration straightly”
- Exodus of China’s rich and skilled for better lives (chinadailymail.com)
- Exodus of China’s rich and skilled for better lives (tiananmenstremendousachievements.wordpress.com)
- How mainland Chinese immigrants are transforming Vancouver (tiananmenstremendousachievements.wordpress.com)
- Jiangsu billionaire’s call to declare nationality strikes a chord (tiananmenstremendousachievements.wordpress.com)
- Barnado’s Emigrant Children (exodus2013.co.uk)
- On the way to Migration: From Immigration to Emigration (nateeja.wordpress.com)
- On the Way to Migration: From Immigration to Emigration (nateeja.me)
- Why China’s Rich Want to Leave (theatlantic.com)
- Majority of Irish emigrants do not expect to come back to Ireland (irishtimes.com)
- Emigration to Mexico (davidscommonplacebook.wordpress.com)
- Why So Many of China’s Rich Still Have Emigration on Their Mind (tealeafnation.com)
- Survey shows new generation of Irish emigrants highly educated and over 30 (irishcentral.com)
- Irish emigrants sending close to $1 billion back home according to World Bank (irishcentral.com)