“A deal to ease visa requirements between China and the U.S., combined with Beijing’s crackdown on corruption, spells trouble for the industry serving Chinese who want to emigrate. That business is already under pressure as countries such as Canada shut down programs that effectively allowed rich people to buy citizenship. China is the top source for investment-based immigration in countries such as the U.S., Canada, Australia, Cyprus and Portugal. Chinese looking to buy permanent residency sometimes pay tens of thousands of dollars in fees to the agencies, which are based in China and overseas.”
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