Another major group of the overseas Chinese are international students. During the period between 2006 and 2016, the population of Chinese students studying abroad has witnessed a steady growth, increasing from around 134,000 in 2006 to approximately 544,500 in 2016. The millionaires mostly prefer to send their children abroad during the high school period. Many rich families consider to migrate in the hope that their children could integrate into overseas life as soon as possible.
Even though the leading overseas universities for Chinese millionaires' children have always been those in the U.S., Europe, Canada and Australia, the majority of Chinese nationals who were living overseas were still in Asia. Indonesia for example, was the country with the largest number of overseas Chinese, with approximately seven million Chinese expatriates. In 2015, China's outward FDI flows to ASEAN countries totaled around 14.6 billion U.S. dollars, while the FDI flows to the European Union was roughly 5.5 billion U.S. dollars for the same year. Overall, the volume of net overseas direct investments (ODI) from China went straight up between 2011 and 2016.
Further more, the Chinese tourism market has transformed into one of the world's most-watched inbound and outbound tourist markets. For outbound tourism, spending of Chinese outbound travelers reached approximately 261 billion U.S. dollars in 2016. The same year, approximately 135.1 million outbound journeys of Chinese citizens were registered, 128.5 million of these were for private reasons. Globalization has been shaping the traveling behavior of Chinese Millennials - The most popular travel destination for young Chinese luxury travelers was Southeast and South Asia with a share of 68 percent, followed by Europe, Japan and South Korea. Activities such as beach islands, road trips and polar exploration have become the new trend among young Chinese.