http://www.newyorker.com/magazine/2016/02/22/chinas-rich-kids-head-west
But, for affluent Chinese, the most basic reason to move abroad is that fortunes in China are precarious. The concerns go deeper than anxiety about the country’s slowing growth and turbulent stock market; it is very difficult to progress above a certain level in business without cultivating, and sometimes buying, the support of government officials, who are often ousted in anti-corruption sweeps instigated by rivals.
John Osburg, an anthropologist who spent years studying successful businessmen in Chengdu, told me that “there’s always a fear that, if the officials to whom they’re tied are brought down in an anti-corruption campaign, it could bring trouble for them, too, and lead to the seizure of their assets. There’s also a concern that business rivals who may be better connected to people in the government could use their ties to the party-state to bring down their competitors.” Some people he knew considered being on Forbes’s annual list of the richest people in China a curse. “The people on that list, for several years in a row, within a year or two of appearing, would be the target of some kind of criminal investigation or they’d be brought down in a corruption scandal,” he said.
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