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Home - China Take - China's Wealth Drain

China's Wealth Drain

Jun 2, 2010

Early this April, the "2010 Hurun Wealth Report" estimated there are about 55,000 yuan billionaires in China, that is, someone with the equivalent of 120 million US dollars.

Although there aren't any official statistics on how many of these billionaires have migrated overseas, data from one Beijing Immigration agency shows that in 2009 China saw an emigration rush. The number of people who became investment migrants to the United States alone through an Employment Business 5 visa doubled from 500 in 2008 to 1000 in 2009.

Tags: wealth report,billionaires,investment migrants

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[2010/09/20] China Take Sept. 20: Top 5 Comments
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[2010/02/23] Paying Extra For Organic
[2010/02/21] Dalai Lama Meeting: Chinese Reaction
[2010/02/20] Fighting Online Game Addiction
[2010/02/19] Japan's GDP Figures: Chinese Reaction
[2010/02/18] C-Section Trend
[2010/02/18] Hillary's Future
[2010/02/17] Can Soccer Boss Clean Up The Sport?
[2010/02/13] Divorce Rates Soar
[2010/02/12] Jackson's Doctor Arrest
[2010/02/11] Obama Talks Tough: Chinese Reaction
[2010/02/11] Festive Fun
[2010/02/10] Body Donation Doubts
[2010/02/09] More Tainted Milk Discovered
[2010/02/07] No Cell Phones For Kids?
[2010/02/07] Does School Make A Difference?
[2010/02/06] Dalai Lama Visit
[2010/02/05] Talking To The Taliban
[2010/02/05] China's Space Race
[2010/02/04] Online Reaction To Taiwan Arms Sales
[2010/02/04] Spending On Tibet
[2010/02/03] Vietnamese Wife
[2010/02/03] Chinese Luxury Goods
[2010/02/02] Should Dog And Cat Meat Be Banned?
[2010/02/02] Women In The Workplace
[2010/01/31] Corruption: What can be done?
[2010/01/30] Time To Tax Motorists?
[2010/01/30] Quake Donations "Misused"
[2010/01/29] Super Rich Eye Homes Abroad
[2010/01/29] Blood Transfusion Concerns
[2010/01/28] Be Positive…Or Else!
[2010/01/28] Do You Feel Richer?
[2010/01/27] Killer Hailed A Hero
[2010/01/27] China No.2 Economy
[2010/01/26] Avatar Pulled Or Pushed?
[2010/01/26] Dying With Dignity
[2010/01/24] U.S. Donations Cause Controversy
[2010/01/24] Worth The Sacrifice?
[2010/01/23] Elementary School Pressure
[2010/01/22] "Compassionate Invasion" Of Haiti
[2010/01/22] What Level Of Education Is Best?
[2010/01/21] Kidnapping Sparks Online Debate
[2010/01/21] Was It Right To Cancel Mr Gay?
[2010/01/20] Japan Vows Action On Gas Fields
[2010/01/20] Online Vs Real Life Opinion?
[2010/01/19] Rewards Given For Porn Reports
[2010/01/19] Anti-Missile System
[2010/01/17] 9.5% GDP Growth In 2010?
[2010/01/17] Kiss Causes Airport Chaos
[2010/01/16] Haiti Earthquake
[2010/01/15] Google Threat: Chinese Reaction
[2010/01/15] Battling Anti-Social Behavior
[2010/01/14] Super Tanker To Aircraft Carrier
[2010/01/14] Movies - Chinese Or Foreign?
[2010/01/13] Yale Given $8,888,888 Donation
[2010/01/13] What Is "Western Culture"?
[2010/01/12] An Academic Controversy
[2010/01/12] Corrupt Journalists
[2010/01/10] Views on Housing Prices
[2010/01/10] Yao Ming's Baby
[2010/01/09] Tying The Knot Too Tightly?
[2010/01/09] Industrial Scandal Sickens 51 kids
[2010/01/08] What Goes Up… Must Come Down?
[2010/01/08] Top News For 2009
[2010/01/07] China's "Online Mafia"
[2010/01/07] Chinese Moviegoing Habits
[2010/01/06] Too Much Luxury?
[2010/01/06] Corrupt Judge
[2010/01/05] Mental Health In China
[2010/01/05] New Year Hopes
[2009/12/31] Resident Permit Reform
[2009/12/31] Iran Protests:Chinese Reaction
[2009/12/30] Online Reaction To Execution
[2009/12/30] Disabled Driver Rules Eased
[2009/12/29] Karaoke Songs Censored
[2009/12/29] Who Benefits From Taiwan Deals?
[2009/12/27] Online Chat Ok At Work?
[2009/12/27] Cold Attitude To H1N1 Suspects
[2009/12/26] Knowledge Of Christmas Traditions
[2009/12/26] US Arms Sale To Taiwan
[2009/12/25] Copenhagen Controversy
[2009/12/25] Too Many Motors?
[2009/12/24] Helping Migrant Workers
[2009/12/24] Secondhand Or New?
[2009/12/23] Farmer Compensated For Jail Time
[2009/12/23] Online Vs. TV Ad Markets
[2009/12/22] Putting The Brakes On E-Bikes
[2009/12/22] Cheering China's Workers
[2009/12/20] Balance Between Economy And Climate
[2009/12/19] Chinese Troops In Afghanistan?
[2009/12/19] In The Dock
[2009/12/18] Dorm Suicide, Who's To Blame?
[2009/12/18] Dating Changes
[2009/12/17] Earthquake School Rebuilt
[2009/12/17] Kidnapping Fears In China
[2009/12/16] Migrant Worker Woes
[2009/12/16] Food Safety
[2009/12/15] Who Pays The Piper?
[2009/12/15] Individually Green
[2009/12/13] Is The Shanghai Expo Important?
[2009/12/12] Improving Life For The Blind
[2009/12/11] Woman Burns Herself As Protest
[2009/12/11] Job Worries For Students
[2009/12/10] One Child Policy: Time For A Change?
[2009/12/10] Housing Costs
[2009/12/09] Repatriation For Fugitive?
[2009/12/09] Only Skin Deep
[2009/12/08] Best,Worst Things About Life In Xinjiang
[2009/12/06] Whitehouse Dinner Gatecrashers
[2009/12/06] Buying Property Overseas
[2009/12/05] Does Taxi Increase Bother You?
[2009/12/05] Martial Arts Showdown
[2009/12/04] Milk Victims Cry Foul
[2009/12/04] Is Obama Right On Afghanistan?
[2009/12/03] Selling Made In China
[2009/12/03] The Ideal Job
[2009/12/02] Match-Fixing Scandal
[2009/12/02] Worried About HIV/AIDS?
[2009/12/01] Buildings Beyond Belief?
[2009/12/01] Second Wife Syndrome
[2009/11/30] Yunnan Media Monitors
[2009/11/30] Electricity Price Hike
[2009/11/28] Graduate Patrols
[2009/11/28] What Do You Know About Africa?
[2009/11/27] China Not Interested In Democracy
[2009/11/27] Job Prospects For Returnees
[2009/11/26] Flowers Fertilized With Blood
[2009/11/26] Feelings Towards Beggars?
[2009/11/25] Net Users To Fight Corruption
[2009/11/25] Men Or Women: Who's Best At Business?
[2009/11/24] China's Compulsive Savers
[2009/11/24] Heaviest Financial Burden
[2009/11/22] Education: Time For A Change?
[2009/11/22] Dangers Of Child Labor
[2009/11/21] Most Powerful Person In The World
[2009/11/20] State Banquet
[2009/11/20] Changed View Of Obama?
[2009/11/19] Reaction To Obama
[2009/11/19] China's Western Allies
[2009/11/18] Changed Dynamics In Sino-US Relationship
[2009/11/18] What Would You Ask Obama?
[2009/11/17] Obama Quizzed In Shanghai
[2009/11/17] USD-RMB Exchange Rate
[2009/11/16] Dear Mr President…
[2009/11/16] Favorite President
[2009/11/15] Obama Out Of Ten
[2009/11/15] US More Student Exchanges
[2009/11/14] SNS Lawsuit Action
[2009/11/14] Stars In Commercials
[2009/11/13] Gang Justice?
[2009/11/13] Do You Support The Death Penalty?
[2009/11/12] New PKU Entrance Regulations
[2009/11/12] Beijing Or Home After College?
[2009/11/11] Prostitution Crackdown
[2009/11/11] Migration: The Good And The Bad
[2009/11/10] Online Gaming Row
[2009/11/10] Mixed Marriages
[2009/11/08] Students Stripped Bare
[2009/11/08] Are Students Well Behaved?
[2009/11/07] Taking The Mickey?
[2009/11/07] Can Chinese Culture Compete?
[2009/11/06] Qualified Doctor
[2009/11/06] Tsien Hsue-Sen
[2009/11/05] Chinese Workers Compensated
[2009/11/05] Domestic Violence
[2009/11/04] Prisoner Parade
[2009/11/04] To Block, Or Not To Block?
[2009/11/03] PLA Seeks Academic Recruits
[2009/11/01] Mob Rule
[2009/10/31] Does Graying China Affect You?
[2009/10/31] Foolhardy Or Brave
[2009/10/30] Views On Germany?
[2009/10/30] Privacy Rights Of Minors
[2009/10/29] Capitalizing On Coal
[2009/10/29] Is More Religion Good?
[2009/10/28] Returned PHD Suicide
[2009/10/27] Marriage Before House?
[2009/10/27] Net Check: Price of Medicine
[2009/10/26] China Donations
[2009/10/26] Gay Parents
[2009/10/24] Home Brands Or Foreign Brands?
[2009/10/24] License To Kill?
[2009/10/23] Is China Car Boom Good?
[2009/10/23] Hijacked Bulk Carrier
[2009/10/22] Foreign Friends
[2009/10/22] HIV Blog Hoax
[2009/10/21] National Games Too Much?
[2009/10/21] Taxi Entrapment
[2009/10/20] China And The World
[2009/10/20] After School Controversy
[2009/10/17] Currency Manipulation
[2009/10/17] Chongqing Gangs
[2009/10/16] Medal of Dishonor
[2009/10/16] Should Gays Serve in the Military?
[2009/10/15] Chinese Hummer
[2009/10/15] Bus Row Fallout
[2009/10/15] Mainland Maternity
[2009/10/15] Marriage Rush
[2009/10/14] Wuhan University Scandal
[2009/10/14] Study Abroad or at Home?
[2009/10/13] Sun Yue's Future
[2009/10/13] Al-Qaida Threat
[2009/10/10] Where In The World?
[2009/10/10] Obama's Nobel Prize
[2009/10/09] Is Obama Doing a Good Job?
[2009/10/09] Was Rio The Right Choice?
[2009/10/09] Is Obama Doing a Good Job?
[2009/10/08] Chinese Donations
[2009/10/08] China and North Korea
[2009/10/07] Illegal Taxis
[2009/10/07] China's Labor Shortage
[2009/10/06] Saving Money
[2009/10/06] Anti-Japanese Feelings
[2009/10/05] Worried About Your Job?
[2009/10/05] Today's Degrees Useless
[2009/10/04] Safety in Beijing
[2009/10/04] Life of Luxury
[2009/10/03] National Day vs. Olympics
[2009/10/03] Spoilt Rich Kids
[2009/10/02] IS Beijing's Air Cleaner?
[2009/10/02] Airport Clearner Freed
[2009/10/01] Parade Reactions
[2009/09/30] Students Auction Reputation
[2009/09/30] Video Piracy
[2009/09/29] No Divorces In Chongqing?
[2009/09/29] National Day Celebrations
[2009/09/27] Animal Cruelty
[2009/09/27] Capital Parade
[2009/09/26] Rising Ticket Prices
[2009/09/26] National Day Plans
[2009/09/25] Hacker's Gift to Nation
[2009/09/25] Japan's New PM
[2009/09/24] China Flag at White House
[2009/09/24] Flight Cancellations
[2009/09/23] Official Property Rules
[2009/09/23] Welcome Back Liu Xiang
[2009/09/22] NBC vs. CCTV
[2009/09/20] Liu Xiang Come Back
[2009/09/20] Pricy Pooch
[2009/09/19] 50% Off Abortions
[2009/09/18] Do You Buy Green Products
[2009/09/18] Open Chest Surgery Case
[2009/09/17] Military Parade
[2009/09/17] China Tax Increase
[2009/09/16] Importance of Military
[2009/09/16] National Day Security
[2009/09/14] Airplane Safety

RELATED PROGRAMS

Wealth Gap Worries

In 1992, former Chinese premier Deng Xiaoping conducted his famous Southern tour of the country, where he is said to have first used the phrase "to get rich is glorious".

Since then, China's economy has grown faster than that of any other country. But who is getting rich?

In today's special report, Andrew Livingstone looks into the growing wealth gap in China.
China's Wealthy Women

Mao Zedong once said: "Women hold up half the sky". Well China's wealthier women seem to be doing far more than half the work when it comes to taking their place on global wealth lists. The Hurun List of Self-Made Women Billionaires lists 11 Chinese in the top 20. And the top three are all Chinese including top placed Zhang Yin who made her fortune recycling waste paper. On the other side of the gender pide however, not one Chinese man made the list of top 10 richest men. So how do people here in China feel about this wealth gap between the sexes? Our researcher Aaron Peng went out on the streets of Beijing to find out.
Beyond the Headlines June 2

Honda Strike
China's Wealth Drain
Students' Job Prospects
Graduates Working For Free
Coal Made More Efficient
Drawbacks Of Hydro Power
Drug Commission Scandal
Should Billionaires Be Forced To Give?

Bill Gates and Warren Buffett recently called for all billionaires to give away half of their wealth. Here in China a guy called Wang Zhenyao took note. Wang, the head of China’s first philanthropic research institute, is calling on all Chinese billionaires to donate a million yuan, or about $150,000 US dollars a year to charity. Wang says multimillionaires should give the equivalent of about $15,000 US dollars.
China's Wealth Gap

China's growing wealth has made headlines for years, but while the government coffers are overflowing, the prosperity has not trickled down to all sectors of society.

BON's Ashley Eldridge visited some of Beijing's most humble homes and extravagant clubs to find out how this growing pide is affecting residents in the capital.
Media Watch May 14: National News

THE CHINA MODEL
WEALTH GAP WIDENS
WHO ARE CHINA'S YOUTH?
IP MAN MOVIE FEEDS NATIONALISM
NATIONAL NEWS
EDITOR SACKED OVER REPORT
ORGAN HARVESTING
50% OF BIRTHS "VIA C-SECTION"
Expo Opens Doors To Migrants

Wearing matching orange caps, they look like many of the hundreds of thousands of other tourists who visit the Shanghai Expo each day. But these girls are migrant workers, among some 200 million nationwide who toil to build China's booming economy but in many cases are excluded from the wealth they help create.
China Take Sept. 27: Top 5 Comments

China's Inherited Wealth
Salaries To Double?
Judge Hangs Himself
China - Railway Superpower
Gm Corn Causes Rats To Flee

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