WHY do people need to emigrate from one place to another? There might be so many reasons while some of them are quite common. To flee war-prone place, for quality education for their generation, for better healthcare, for better human right, for better living society, etc. These are quite norms among emigrants for their changing. However, I was surprising to learn one of special reason for those Chinese multi millionaires who are seeking a place to emigrate. What should it be? It's just because they wanted to get internal security of their valuable assets. I paused and think it about and able to understand as it's quite similar the condition of my home land's modern billionaires.
One resident highlighted that the land they buy in China will belong to government after certain lease years. So some millionaires are trying to buy land plots in abroad that allow owner to own their property forever. At the same time, they are seeking a chance to get foreign passport so that they can find a place to live in when they are treated unfairly by government. However most of such millionaires can be either retired government staff or business men who made their assets from illegal things. That's why they are afraid of their assets being taken by government in one day of future. Some of them are doing business in China but sending their family in abroad such as US, Canada, Australia, etc. This scenario suggests that Chinese people are not trusting in their own governments and trying to emigrate if any chance given. One report said Chinese people are not trusting in the China product and avoid if they can.
No wonder to see China's famous product like Jet Li and Gong Li were recently surrendered their citizenship for Singapore passports. Some critics said it is part of their attempt to avoid paying heavy income tax. Nevertheless, it show China has a problem with retaining its growing millionaires. How do they get back people's trust? Surely they are fighting corruption among government officials so that they can get people's trust. Also trying to create enough jobs for its people. Today, China has become world's second largest economy just behind US. But still got rooms to be improved such as healthcare and education. China has encountered several tainted foods cases in these years. It effectively damaged China's image among world's society. Most of tainted foods such as milk, pork, egg, now gutter oils are born in China. No other people from the world may not have such dirty minded to generate profit at the expend of other health problem. Hopefully China authority able to cope with such horrible things happening repeatedly in future.
Recently, I read local news of my country that more and more Myanmar's riches are buying in Singapore's properties especially in condo. What a proud news for us if it's happening as usual. But most of us believe that those people who buy such expensive condominium are spending their illegal/black money to hide their assets from government's investigation in future. It cost at least S$ 3million and who is able to afford such huge money with usual business in the one of poorest countries of the world? This is a try of internal security of their assets just like their counterparts from China. Myanmar's people are finding their lives very difficult to survive while those privileges are enjoying luxury flats and sending their children to foreign institutions. The gap of living standard become huge gap and it's major problem for our society.
May the authority able to close such huge gap by taking necessary action.
One resident highlighted that the land they buy in China will belong to government after certain lease years. So some millionaires are trying to buy land plots in abroad that allow owner to own their property forever. At the same time, they are seeking a chance to get foreign passport so that they can find a place to live in when they are treated unfairly by government. However most of such millionaires can be either retired government staff or business men who made their assets from illegal things. That's why they are afraid of their assets being taken by government in one day of future. Some of them are doing business in China but sending their family in abroad such as US, Canada, Australia, etc. This scenario suggests that Chinese people are not trusting in their own governments and trying to emigrate if any chance given. One report said Chinese people are not trusting in the China product and avoid if they can.
No wonder to see China's famous product like Jet Li and Gong Li were recently surrendered their citizenship for Singapore passports. Some critics said it is part of their attempt to avoid paying heavy income tax. Nevertheless, it show China has a problem with retaining its growing millionaires. How do they get back people's trust? Surely they are fighting corruption among government officials so that they can get people's trust. Also trying to create enough jobs for its people. Today, China has become world's second largest economy just behind US. But still got rooms to be improved such as healthcare and education. China has encountered several tainted foods cases in these years. It effectively damaged China's image among world's society. Most of tainted foods such as milk, pork, egg, now gutter oils are born in China. No other people from the world may not have such dirty minded to generate profit at the expend of other health problem. Hopefully China authority able to cope with such horrible things happening repeatedly in future.
Recently, I read local news of my country that more and more Myanmar's riches are buying in Singapore's properties especially in condo. What a proud news for us if it's happening as usual. But most of us believe that those people who buy such expensive condominium are spending their illegal/black money to hide their assets from government's investigation in future. It cost at least S$ 3million and who is able to afford such huge money with usual business in the one of poorest countries of the world? This is a try of internal security of their assets just like their counterparts from China. Myanmar's people are finding their lives very difficult to survive while those privileges are enjoying luxury flats and sending their children to foreign institutions. The gap of living standard become huge gap and it's major problem for our society.
May the authority able to close such huge gap by taking necessary action.
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