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Why China’s richest flock to Australia – even if they’re not always welcome

Why China’s richest flock to Australia – even if they’re not always welcome

Publicerat av Tony Harkén tisdag, 09 oktober 2018.

Ultra-wealthy Chinese are leaving a trail of dollars across Australia, boosting sectors from property and education to luxury goods – but not everyone is happy about it.

Australia’s relationship with its biggest trade partner, China, has seen better days.

Australia was the world’s No 1 migration destination for millionaires last year, according to the 2018 Global Wealth Migration Review from AfrAsia Bank. More than 10,000 high-worth individuals migrated to Australia last year, mostly from China, India and the UK. And about 90 per cent of the visas Australia issued to high-worth investors – those who invest more than A$5 million (US$3.6 million) locally – were for Chinese nationals.

Read more at - www.scmp.com/week-asia/society/article/2163540/why-chinas-richest-flock-australia-even-if-theyre-not-always

Publicerat av

Tony Harkén

kina

Klockan i Hong Kong, Kina

CN - Time