The rich Chinese flee, experts say the problem is in China’s institutions


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Experts say the migration of Chinese people and the outflow of money will accelerate China’s social crisis. As reported, investment and immigration consulting firm Henley & Partners predicts that by 2022, around 10,000 Chinese billionaires with high net worth will emigrate out of China. These people are fleeing from China bringing with them the average amount of money about $4.8 million and the total amount of money fleeing from China is $48 billion, ranking only second in the world (after Russia) in terms of people fleeing (from) the country. The agency said that Hong Kong is expected to have 3,000...