According to data released by the U.S. federal government on the 4th, California's GDP between 2016 and 2017 has surpassed that of the United Kingdom, making it the world's fifth-largest economy, following the United States, China, Japan, and Germany.
The British newspaper The Guardian reported that California, known as the "Golden State," has a population of only 40 million, which is less than the UK's 65 million. However, aided by the booming technology, entertainment, and financial industries, California's GDP reached $2.7 trillion between 2016 and 2017, exceeding the UK's $2.6 trillion.
Between 2016 and 2017, California's GDP increased by $127 billion, while the UK's GDP has been in a continuous decline since its $3 trillion peak in 2014.
The last time California was the world's fifth-largest economy was in 2002, but following the Great Recession, its economy fell to tenth place globally in 2012. Since 2012, however, California has added 2 million jobs and increased its GDP by $700 billion.
Economists state that this state, which accounts for only 12% of the U.S. population, contributes 14% to the national economy. This serves as a clear indicator of the United States' undeniable strength as the world's leading political and economic power today. For a long time, the U.S.'s developed economy, superior living environment, abundant educational resources, sound social welfare system, and more open and fair social atmosphere have deeply attracted many high-net-worth individuals from China. The United States has also become one of the most popular immigration destinations for global investors.
Therefore, in recent years, U.S. immigration has remained a hot topic. The U.S. EB-5 investment immigration program has a low threshold and minimal requirements; it is essentially the only cost-effective immigration method with no language requirements, no age limits, no educational requirements, no business background requirements, and no residency requirements, making it widely favored by EB-5 investors. Currently, the U.S. EB-5 Regional Center program has been extended until September 30th, but changes to the EB-5 program could be triggered at any time. A price increase is inevitable, and the $500,000 low-cost immigration to the U.S. may soon become history. Now is the perfect time to immigrate to the United States.
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