Half of China's millionaires want to leave country
business.blogs.cnn.com
Half of China's millionaires want to leave country
1–10 of 112 posts
Re: Half of China's millionaires want to leave country
#2Hmmm.....I can't disagree with the contents of the post. Yet I think it is a piece written to distract from the issues facing our own nation by doing an implicit juxtaposition between China and the U.S.
I am of the opinion that we should spend less time denigrating others and more time having open and honest discussion AND reporting of the issues facing us here in the U.S. Pointing out issues and flaws in others in now way helps fix the flaws in ourselves.
Re: Half of China's millionaires want to leave country
#3Atlas wants to shrug.
Re: Half of China's millionaires want to leave country
#4This summer Forbes reported...
"China Daily reported Friday that unnatural deaths have taken the lives of 72 mainland billionaires over the past eight years. (Do the math.) Which means that if you’re one of China’s 115 current billionaires, as listed on the 2011 Forbes Billionaires List, you should be more than a little nervous." (http://www.forbes.com/sites/raykwong/2011/07/25/friends-dont...).
I wonder how much fear is playing into this desire for exodus.
Re: Half of China's millionaires want to leave country
#5This summer Forbes reported... "China Daily reported Friday that unnatural deaths have taken the lives of 72 mainland billionaires over the past eight years. (Do the math.) Which means that if you’re one of China’s 115 current billionaires, as listed on the 2011 Forbes Billionaires List, you should be more than a little nervous." ( http://www.forbes.com/sites/raykwong/2011/07/25/friends-dont... ). I wonder how much f…
This news is far from being accurate.
http://news.ycombinator.com/item?id=2806250
Re: Half of China's millionaires want to leave country
#6Is the real problem that lots of party functionaries without much money has power and little oversight? So they can press money out of the local rich, without repercussions?
Or is political uncertainty the real problem -- the political climate next month can be halfway back to the cultural revolution?
Or a third alternative?
Edit: Word choice, for clarity.
Re: Half of China's millionaires want to leave country
#7Not just the millionaires but many people want to too.
Re: Half of China's millionaires want to leave country
#8Can someone enlighten me on how so many (or so few) people got so rich off of property?
Re: Half of China's millionaires want to leave country
#9This summer Forbes reported... "China Daily reported Friday that unnatural deaths have taken the lives of 72 mainland billionaires over the past eight years. (Do the math.) Which means that if you’re one of China’s 115 current billionaires, as listed on the 2011 Forbes Billionaires List, you should be more than a little nervous." ( http://www.forbes.com/sites/raykwong/2011/07/25/friends-dont... ). I wonder how much f…
This news is far from being accurate. http://news.ycombinator.com/item?id=2806250
Regardless if its billionaires in yuan or dollars, if there is a sentiment in China that the wealthy are being killed, it could fuel the desire to leave.
Re: Half of China's millionaires want to leave country
#10Can someone enlighten me on how so many (or so few) people got so rich off of property?
Average housing prices in China tripled from 2005 to 2009.