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China to see biggest millionaire exodus in 2024 as many head to U.S. (asia.nikkei.com)

submitted 2 months ago by naturalgasbad@lemmy.ca to c/worldnews@lemmy.ml

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[–] ChihuahuaOfDoom@lemmy.world 10 points 2 months ago (1 children)

It really depends, millionaire in NYC? Dime a dozen, millionaire in Mexico, NY? They would be able to mess with local politics, screw up the housing market, etc. And I really mean multi- millionaire but that's what I assume would be coming this way from China, not someone with 1-1.5 million, but a couple times that at minimum.

[–] HobbitFoot@thelemmy.club 1 points 2 months ago

Yeah. I think a lot of people hear Chinese millionaire and think of someone like Jack Ma. The problem in China is that a millionaire can include roles like plant manager and senior designer, people you need to continue developing the economy.