Yes, many Chinese are getting their money out of China - which most of them made through means of corruption. There are business owners that almost overnight liquidated their businesses leaving both workers and suppliers unpaid and have fled the country. The CCP has a huge financial problem and are targeting people with money and other assets currently extorting around 20% under fear of further auditing and possible corruption or other criminal charges - which is not hard to do in China. The CCP is slowly but surely cutting off all avenues of escape.

The economy is moving back to a more communistic centralized state run economy from a pseudo market driven economy. China in the coming years is going to look more like North Korea. The Chinese that can are buying up property anywhere outside of China to tie up their money. This is one of the reasons certain prime real estate areas are currently witnessing property values going through the roof - like Tokyo. It makes it difficult for locals to afford to live in those cities because of the hike in real estate values. The Chinese come with suitcases full of cash. They may have a proxy buyer to handle the overseas transactions. They are not looking for a place to live but a move to tie up their assets. No doubt many of that flood of Chinese coming across our border are some that have already arranged to move their assets to the US and are now coming into the US to claim asylum knowing they can't be sent back to China. China won't take them back because they have already moved their money. The US is not the only place where they are making exodus. Australia recently talked about stopping their golden visa program because of all the Chinese trying to immigrate. Funny that these Chinese buyers might end up with squatters living in their properties. Karma.

Yes, many Chinese are getting their money out of China - which most of them made through means of corruption. There are business owners that almost overnight liquidated their businesses leaving both workers and suppliers unpaid and have fled the country. The CCP has a huge financial problem and are targeting people with money and other assets currently extorting around 20% under fear of further auditing and possible corruption or other criminal charges - which is not hard to do in China. The CCP is slowly but surely cutting off all avenues of escape.

The economy is moving back to a more communistic centralized state run economy from a pseudo market driven economy. China in the coming years is going to look more like North Korea. The Chinese that can are buying up property anywhere outside of China to tie up their money. This is one of the reasons certain prime real estate areas are currently witnessing property values going through the roof - like Tokyo. It makes it difficult for locals to afford to live in those cities because of the hike in real estate values. The Chinese come with suitcases full of cash. They may have a proxy buyer to handle the overseas transactions. They are not looking for a place to live but a move to tie up their assets. No doubt many of that flood of Chinese coming across our border are some that have already arranged to move their assets to the US and are now coming into the US to claim asylum knowing they can't be sent back to China. China won't take them back because they have already moved their money. The US is not the only place where they are making exodus. Australia recently talked about stopping their golden visa program because of all the Chinese trying to immigrate.