China’s worsening economic decline has large numbers of Chinese tycoons fleeing the country, a result of the West’s economic and political isolation of the communist regime, experts believe.
At least 10,000 Chinese high-net-worth Individuals (HNWI) are expected to emigrate abroad this year, taking with them an estimated $48 billion, according to Henley & Partners, a London-based investment immigration consulting firm, in a June 13 report
HNWI refers to people who have at least $1 million in liquid financial assets.
In an interview with The Epoch Time, Wang Jun, former director of the international department of Beijing based Unirule Institute of Economics, said that the main factor causing the outflow of Chinese tycoons would be the U.S. de-coupling from China, and the west isolating the Chinese Communist Party (CCP) due to its hegemonic rule and communist expansion….