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looking beyond borders

foreign policy and global economy

Desperate Chinese Middle Class Take Big Risks To Move Money, And Themselves, Overseas

A growing number of Chinese have rushed to obtain long-stay visas or property in friendly foreign countries as an insurance policy against a worsening of domestic conditions. Spurred on by a lack of investment options at home and rattled by the sweeping anti-corruption campaign of President Xi Jinping, those with significant assets are looking for ways to move their money overseas, by legal means or otherwise.

Read Here – South China Morning Post

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