Monday, June 19, 2023

China millionaire exodus to continue this year

More trouble for the economy of China!

"An exodus of Chinese millionaires is expected to continue this year, according to a new report by investment migration consultancy Henley & Partners, as the economy slows and the government tightens political controls.

China is expected to see a net outflow of 13,500 high net worth individuals this year, extending the loss of millionaires in the past decade, according to the Henley Private Wealth Migration Report. ..."

China millionaire exodus to continue this year: report - Nikkei Asia Emigration forecast to reach 13,500 as Xi clamps down, economy slows




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