They saw, they conquered, they came into riches... and now they're getting the hell out of here. At least, that's what a new study of China's rich purports. Released last week by China Merchants Bank and consulting firm Bain & Company, the "2011 China Private Wealth Study" says that 60% of Chinese with more than $15 million to their name have now left or are planning to leave. more ›

Looks like ridiculous housing prices at home isn't the only reason to move to Canada - it's actually just so nice over there, eh? At least that's what 77% of Chinese people think (and 53% of adults in the world's 24 leading economies for that matter). To them, not only does Canada have "one of the best qualities of life anywhere in the world" and tolerance of all types of people, it's also a country that's "welcoming to immigrants" and where "rights and freedoms are respected." This bodes well for both Canada's attempts to lure in more global talent and for its population to finally grow beyond that of Shanghai and its surrounding area. more ›

With Shanghai property prices being so high, some netizens are now debating whether it may be cheaper to emigrate than actually buy a house in China, says CNNGO. By current market averages, buying a 100 square meter apartment in Shanghai would cost 2 million before taxes. The price of jumping ship to Canada is 2.35 million. While, sure, you'd also have to get an apartment there, at least you also won't need to pay a fine for having a second child (240,000RMB according to a QQ article) and you'll get a passport that can go more places without a visa. Hmmmm, wouldn't it be interesting if the amount of people who actually did emigrate because of high property prices outpace the amount of Hai Gui (Sea Turtles) coming back? more ›

China has worked hard to overcome its brain drain problem. In the past 30 years it has fought to improve the prestige of its educational institutions, uphold the promise of economic growth and prosperity, and provide a prosperous and comfortable environment for its educated elite. But in spite of the country's efforts, a good portion of educated Chinese still seek opportunities for a one-way ticket abroad. According to a Gallup survey conducted in November 2008, one in five college-educated Chinese wants to emigrate permanently to a foreign country. more ›