Forum: Capital Flight

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Chinese Families Going Global?

by Luigi Tomba

The Times cover on 5 March 2013: The internationalisation of China's middle class, who desire greater access not only to education and information but also to international brand-names, holidays and property
Source: offbeatchina.com

EARLY JUNE EACH year in China is gaokao 高考 season, when millions of hopeful pupils enrol in the university entrance examinations. In 2014, 9.4 million students competed for almost seven million places, a high number indeed, although not all places are equal. China’s leading universities only admit the highest scoring candidates. Lower marks leave many with the choice between a mediocre higher education in China and, if they can afford it, an expensive degree in an overseas university.

Buying Up The Block

by Jeremy Goldkorn

Wang Jianlin is a Chinese businessman and philanthropist. He serves as the Chairman of the Dalian Wanda Group, China’s largest real estate developer. He has a net worth of US$36.6 billion
Photo: image.wanda.cn

IN 2014, FOR THE first time the Chinese outnumbered all other foreign buyers of real estate in the United States, including Arabs and Russians. They tripled their investment in European property, snapped up several billion dollar projects in the UK and were reported to be driving Australia’s overheated property market, where house prices grew ten percent across the country in the year to 30 June and fifteen percent in Sydney.

Chinese Families Going Global in Popular Culture

Reflections on the motivations and challenges of emigration: The highly popular 1993 twenty-one part television series A Beijing Man in New York 北京人在纽约, tells the story of a Beijing musician, Wang 
Qi-Ming 王起明 who moves to New York to pursue his dreams of fame 
Photo: icba.com

FOLLOWING THE END of the Cultural Revolution (1964–1978), when the first large groups of immigrants from China began to settle in the US, Canada, Australia and elsewhere, TV shows and films have documented and reflected on the motivations and challenges of emigration, a politically loaded subject.

Yao Ming, Wildlife Protector

Basketball superstar Yao Ming campaigns against the illegal wildlife trade. The End of the Wild is a documentary that follows Yao into the heart of Africa’s wildlife conservation crisis. It was first aired on CCTV in August 2014
Photo: onehourlife.com

ONE OF CHINA’S best-known celebrities, retired basketball superstar Yao Ming 姚明, has teamed up with domestic animal activists, as well as with international organisations such as WildAid, African Wildlife Foundation and Save the Elephants to campaign against the illegal wildlife trade.

Shared Air, Shared Destiny

by Wuqiriletu

9 October 2014: Pollution from north-eastern China blows over the Bohai Sea on its way to Korea and Japan
Source: earthobservatory.nasa.gov

On 25 February 2014, the concentration of fine particulate matter, known as PM2.5, reached 400 micrograms per cubic metre of air in Beijing, hazardous by the standards of both the American Environmental Protection Agency and China’s own air quality index system. That same smoggy day, President Xi Jinping made an unannounced visit to a lane off the popular tourist street of Nanluoguxiang in the captial, talking with the people who lived there. The news report on his visit was subtitled ‘breathing the same air and sharing the common fate’同呼吸,共命运.