Rich Chinese Flee to United States…and Bring Their Money with Them
Many of China’s wealthy are fleeing their home country and settling in the United States, where better schools and other opportunities await.
The 2012 Annual Report of Chinese International Migration shows immigration from China is growing, with most heading to the U.S. Nearly 90,000 Chinese became permanent U.S. residents in 2011.
The migration includes a significant number of rich Chinese. At least 25% of those worth more than $16 million have fled the country, and nearly half of this group (47%) is thinking of leaving, according to the report.
The United Nations reported last year that the number of foreign-born Chinese Americans in the U.S. doubled between 2000 and 2010. There are about 3.8 million Chinese in the country, of which 2.2 million were born in China.
The Chinese ex-pats cite various reasons for leaving their Asian homeland, including “political reform, infrastructure improvements, pollution, and education,” according to the study. However, the single biggest motivator, by far, is their dissatisfaction with China’s education system.
About 80% say they want a better education for their children, and hope to find it in the U.S. or the other countries to which they’ve relocated.
Parents say China’s schools emphasize too much rote learning, taking tests, and “patriotic education” approved by the Communist Party. Departing China, Mark Kitto explained in a farewell letter, according to GlobalPost, that “one overriding reason” for leaving his home country was “want[ing] to give my children a decent education. The domestic Chinese lower education system does not educate. It is a test center. And then there is the propaganda.”
To Learn More:
Why Chinese Immigrants Choose America (by Benjamin Carlson, GlobalPost)
Chinese Immigration to US Still Rising (by Kelly Chung Dawson, China Daily)
Chinese Internet Goes Down after Release of Details of Corruption of Government Leaders (by Noel Brinkerhoff and Danny Biederman, AllGov)
Border Patrol Dealing with Increased Illegal Immigrants from China (by Danny Biederman and Noel Brinkerhoff)
Real Anchor Babies…From China, Not Mexico (by Noel Brinkerhoff, AllGov)
- Top Stories
- Unusual News
- Where is the Money Going?
- U.S. and the World
- Appointments and Resignations
- Latest News
- Acting Chair of the U.S. Commission on Civil Rights: Who Is Patricia Timmons-Goodson?
- Commissioner of the Food and Drug Administration: Who Is Scott Gottlieb?
- Chief Judge of the United States Court of Appeals for Veterans Claims: Who Is Robert N. Davis?
- Chair of the Woodrow Wilson International Center for Scholars: Who Is Thomas Nides?
- Bears Under Fire in Florida