Expansion of China's Wealthy Class Leads to Immigration Surge

Expansion of China's Wealthy Class Leads to Immigration Surge

The expansion of China's wealthy class has led to a surge in immigration. The best immigration information is available on the official website of WorldWay Immigration.

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Recently, the "China International Migration Report (2014)" blue book published by the China and Globalization Research Institute and the Social Sciences Academic Press pointed out that the rapid development trend of international migration among China's wealthy class is noteworthy. According to research data published by the Chinese version of Forbes in the "2013 White Paper on Wealth of the Chinese Middle Class," it states, "The Chinese middle class has rapidly expanded, reaching 10.26 million by the end of 2012, with a total private wealth of 13.6 trillion RMB."
 
The main demographic of the middle class consists of individuals born in the 1960s and 1970s. Survey data indicates that this group particularly emphasizes better allocation of family assets, seeks a more comfortable "living environment," and aims to create a better "educational environment" for the next generation. Compared to the wealthier class, the immigration willingness of the middle class is relatively low, with 76.0% indicating no intention to immigrate; however, three-quarters of this group are considering sending their children abroad for education. The China and Globalization Research Institute believes that this reflects a tendency for parents to immigrate overseas in the coming years due to their children studying abroad at a young age. According to incomplete statistics, many parents are increasingly traveling abroad to assist their children during the postpartum period, as the proportion of new immigrants who need to go overseas for "postpartum care" is rising year by year.
 
The blue book suggests that in recent years, there has been a surge in international tourism in China, reaching 100 million trips annually, and the enthusiasm for traveling abroad may also drive a wave of immigration. The accumulation of wealth among Chinese residents means that traveling abroad is no longer a luxury. In this context, frequent outbound travel has become not only a lifestyle enjoyment but also a "fact-finding trip" for Chinese residents. Outbound travel will allow more and more Chinese citizens to understand foreign cultures and lifestyles, which may stimulate the budding demand for immigration among the populace and enable more domestic business professionals to discover business opportunities, leading to plans to enter the international market.

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