Exodus of Chinese Tycoons Intensifying Amid Western Isolation of CCP

Exodus of Chinese Tycoons Intensifying Amid Western Isolation of CCP
Chinese citizens wait to submit their visa applications at the US Embassy, in Beijing on May 2, 2012. Mark Ralston/AFP/GettyImages
Updated:

China’s worsening economic decline has large numbers of Chinese tycoons fleeing the country, a result of the West’s economic and political isolation of the communist regime, experts believe.

At least 10,000 Chinese high-net-worth Individuals (HNWI) are expected to emigrate abroad this year, taking with them an estimated $48 billion, according to Henley & Partners, a London-based investment immigration consulting firm, in a June 13 report

Jenny Li
Jenny Li
Author
Jenny Li has contributed to The Epoch Times since 2010. She has reported on Chinese politics, economics, human rights issues, and U.S.-China relations. She has extensively interviewed Chinese scholars, economists, lawyers, and rights activists in China and overseas.
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