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Rich Chinese have just one dream, to flee from China
9/8/2011 3:47:38 AM


 
 
 
BEIJING: Chinese millionaire Su builds skyscrapers in Beijing and is one of the people powering China's economy on its path to becoming the world's biggest. Yet the property developer shares something surprising with many newly rich in China: he's looking forward to the day he can leave. 

Su's reasons: He wants to protect his assets, he has to watch what he says in China and wants a second child, something against the law for many Chinese. 

The millionaire spoke on the condition that only his surname was used because of fears government reprisals that could damage his business. 

China's richest are increasingly investing abroad to get a foreign passport, to make international business and travel easier but also to give them a way out of China. 

Last year, nearly 68,000 Chinese-born people became legal permanent residents of the US, 7% of the total and second to those born in Mexico. 

It is a bothersome trend for China's communist leaders who've pinned the legitimacy of one-party rule on delivering rapid economic growth and a rising standard of living. Yet affluence alone seems a poor bargain to those with the means to live elsewhere. 

"In China, nothing belongs to you. Like buying a house. You buy it, but it will belong to the country 70 years later," said Su, lamenting the Chinese government's land leasing system.
FUENTE:THE TIMES OF INDIA

 
 
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