Beijing’s political uncertainty is driving China’s wealthy out of the country-with cash


Source: theprint.in theprint.in

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China’s wealthy citizens are chalking up plans to move to other countries as domestic politics on the mainland remain complex. Chinese citizens are looking for ways to physically relocate abroad rather than just move their assets through investments. There are chat groups on platforms such as GitHub where running away from China is a phenomenon described as ‘runology’. But now China’s wealthy are joining the chorus to relocate. Japan, Singapore and some Southeast Asian countries are the preferred destinations for the wealthy who have seen the Chinese government invade their private spaces, justifying the actions of pandemic control. Earlier, the...