“A new report shows that 64 percent of Chinese millionaires have either emigrated or plan to emigrate—taking their spending and fortunes with them. The United States is their favorite destination. The report from Hurun said that one-third of China’s super rich—or those worth $16 million or more—have already emigrated. Previous studies show the main reasons rich Chinese are leaving is to pursue better educations for their kids, and to escape the pollution and overcrowding in urban China. But analysts say there is another reason the Chinese rich are fleeing: to protect their fortunes. According to WealthInsight, the Chinese wealthy now have about $658 billion stashed in offshore assets.”
http://www.businessinsider.com/chinese-millionaires-leaving-the-country-2014-1
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