Twice as many people moved out of China than into the country last year, according to a new study by UniGroup Relocation, a company providing international moving services.
The study attributed the outflow to a number of factors, including expired work contracts, rising costs of living and China’s unbearable pollution.
Most of the people moving out of China are from the US, followed by those from Germany, Singapore and France, according to the Wall Street Journal, which reported on the study. The US also saw 22 percent fewer expats move to the Middle Kingdom last year compared to 2013.
This is the second year in a row in which more people have moved out of China to the US than vice-versa. Michael Stoll, an economist, professor and chair of the Department of Public Policy at the University of California said in the report that this is most likely a result of a slowdown of the Chinese economy.
“China’s economy had grown nearly 15 percent per year for the past several years, but slowed to about 7 percent growth in 2014. While this is still positive, it is a large reduction in growth from recent trends,” Stoll said.
Wall Street Journal points out, however, that this doesn’t necessarily mean the population of Americans living China has greatly decreased.
“While U.S. executives and other multinational employees may be leaving, the country has seen a recent influx of younger workers, many of whom move to China on their own and thus wouldn’t show up in UniGroup’s stats.”
[Image via Wikipedia]