Economic stagnation in China: Wealthy and highly educated people leave the country!
-Economic stagnation continues for 10 years, putting a brake on future growth
We will deliver a summary from the latest article of hisayoshi-katsumata-worldview.
China’s economic stagnation situation:
The economic slump is expected to continue for the next 10 years.
An economic adviser to the top leadership has released a bleak forecast.
Youth unemployment rate in China:
Over 20%,
the worst ever. Of course,
a “brain drain” is inevitable.
The trend is already gaining momentum.
Wall Street Journal (July 10):
It published an article titled
“Brain drain from China, serious economic impact”.
The number of Chinese leaving the country is increasing rapidly
at a pace not seen in recent years.
Wealthy and highly educated Chinese are indispensable human resources
for modernization and continued investment in China.
Deteriorating trend in economic indicators:
China’s financial sector tightens clampdown,
The economic growth/slowdown trend
in real estate and other industries is remarkable.
United Nations data:
The trend of population outflow changes with the times.
Early 2000s: There was a net exodus of approximately 500,000 people each year.
2008 onwards: Net outflows plummeted.
Early 2010: China’s economy is booming, leaving fewer people.
Second half of 2020: Slower growth means more people leaving the country.
In the future, the number of people leaving China will increase further.
UK Investment Immigration Consulting Firm:
Henry & Partners South African research firm:
New World Wealth Both companies collated databases.
Matching data show a similar pattern.
High end net outflow (over $1 million worth):
First half of 2010: Generally stable at around 9,000 people per year.
In 2017: Net outflow of HNWIs exceeded 11,000.
In 2019: Net outflow of HNWIs exceeded 15,000.
2020 and 21: China’s corona has significantly reduced the net outflow of the wealthy.
In 2022: net outflow of 10,800.
In 2023: 13,500 net outflows.
Net outflow of China’s wealthy:
The net outflow of wealthy people has increased to 10,000 people every year.
In the future, it is certain that the wealthy will be forced to donate.
There is no doubt that the number of people leaving China who avoid this will increase.
Number of foreign residents in 2020:
Official data since 2010, Shanghai had 163,954, down 21%.
Beijing had 62,812, a decrease of 42%.
China’s expat population plummets:
In China, it is “a situation where you don’t know when you can be accused of spying.
“ The country has become too dangerous for foreigners.
This is why we are increasing the number of people leaving the country
and decreasing the number of foreign residents.
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