Migration in China – additional information
Many Chinese people have emigrated from the country in search of better living conditions and educational chances. The increasing number of Chinese emigrants has benefited from loosened migration policies. On one hand, the attitude of the Chinese government towards emigration has changed significantly. Overseas Chinese are considered to be strong supporters for the overall strength of Chinese culture and international influence. On the other hand, migration policies in the United States and Canada are changing with time, expanding migration opportunities for non-European immigrants.
In 2013, the United States and Canada had become the countries with the highest immigration rate of millionaires from China according to Hurun Research Institute, accounting for 25 percent and 23 percent of Chinese millionaire emigrants that year, respectively. In 2013 alone, the number of people from China naturalized as U.S. citizens had amounted to over 35,000 people, while nearly 72,000 had obtained legal permanent resident status as “green card” recipients. Among other popular immigration destinations for Chinese riches are Europe, Australia, and Singapore.
China has become one of the world’s largest emigration countries as well as the country with the biggest outflows of high net worth individuals between 2003 and 2013. However, the mass emigration is starting to cause a severe loss of homegrown talents and assets. The problem of talent and wealth outflow has raised pressing questions to the Chinese government, and a solution to this issue is yet to be determined.