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| Shaun Rein |
China's super rich massively try to get foreign passports, but it is not because of fear for government interference, discovered
business analyst Shaun Rein in 36 interviews. China's rich go abroad because of the poor health care and poor education,
he writes in CNCB.
The two main reasons wealthy Chinese took foreign passports were for education and health care reasons. Having foreign passports made it easier to secure visas to seek medical care.
Some families reported wanting to send children to international schools in China, an option off limits to Chinese passport holders. China’s weak education system made some families want to send kids abroad to study...
Severe pollution and a stressful life were two other reasons why wealthy Chinese migrated or were thinking about it. One wealthy Beijing women named Mrs. Wang said, “I am so worried about my son’s health. Rashes cover his face because of pollution. We are considering moving to America or Canada while keeping our business in China. Three million dollars only buys tiny apartments in Shanghai but mansions in North America.”
More in CNBC
Shaun Rein is a speaker at the China Speakers Bureau. Do you need him at your meeting or conference? Do get in touch.
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