Why many rich Chinese don’t live in China

Wealthy Chinese increasingly choose to live abroad. A STRAIGHT TRACK through a wood, and a guard hut at the end of it, is all there is to “China City of America”. A sign on a flimsy barrier says, “Do not enter”. It is hard to imagine that if the developer, a Chinese emigrée, has her way, this rural nook in the Catskill Mountains of upstate New York might one day become a … https://econ.st/2IMQ4VL

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