Why Are Rich Chinese Entrepreneurs Leaving China?
Chinese entrepreneurs are leaving China. According a survey, conducted by China Merchants Bank and Bain & Co., 27% of entrepreneurs worth over 100 million RMB have already emigrated and 47% of them are considering moving abroad.
The growing trend is nurturing resentment towards wealthy emigrants among Chinese citizens. And the recent exposure of a prominent businesswoman and member of the CPPCC (China's political advisory body) Zhang Lan’s immigration further triggered controversy in Chinese society.
Economic insecurity
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ifeng.com[zh], a prominent Chinese newspaper, shared his opinion:
老实说，在目前的中国很难给人以安全感，普通老百姓可能觉得有钱人比较安全，自己因为各种社会保障不全的缘故比较焦虑，但有钱人的安全感更低。前段时间三一重工的梁稳根说过，自己的财产与生命都是国家的，党员的太太也比较漂亮。这话看上去挺谄媚，实际上更像是一种恐惧的表达。任何做企业的人都知道，只有产权清晰才好做事，自己的产业怎么可能做这样的表述？
Honestly, Chinese society doesn’t provide citizens with a sense of security. Average citizens may think rich people feel safe because they don’t need to worry about social welfare; however, rich people in China feel even less safe.Recently, one of China’s richest men Liang Wengen said his property and life belong to the country and that the Party members' wives are more beautiful. It seems a stupid thing to say, but it reveals his fear. How can an entrepreneur make such a statement about his property? Any entrepreneur knows clear property rights are essential for doing business.
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