Wealthy Chinese Want To Flee

The algae is always greener on the other side of the canal.

People make much of how some many rich Chinese want to get out of China, and go elsewhere, say Singapore.  At the same time rich Chinese want to get out of Singapore, and escape to China.

Singaporeans were the second-most eager to flee home, with 23% planning to relocate in five years, followed by 20% for the U.K. and 16% for Hong Kong. Indian and American rich are the least likely to move, with only 5% and 6% of respondents saying they would relocate.
The top reasons Chinese cite for moving abroad are better educational and employment opportunities for children (78%), economic security and desirable climate (73%), and better health care and social services (18%). Hong Kong is their top destination (30%), followed by Canada (23%).
But for all those money drain, China is also on the receiving end: It’s a top destination for Singapore’s high net-worth individuals, with 30% saying they want to move to the Middle Kingdom.

People always think a new place would be better.  But your job is to grow where you were planted, not take the money and run.

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