Middle-class migration may have economic impact
An increasing number of Chinese middle-class citizens moving overseas is concerning policymakers as they fear it could have serious economic repercussions.
Though migrating overseas is not a new phenomenon in China, the number of Chinese emigrants had risen to 9.34 million by the end of 2013, with the United States, Canada, Australia and New Zealand the top destinations, said a report on Chinese international migration in 2014 published by the Center for China and Globalization, a Beijing-based think tank.
Air pollution, food safety, better education and employment prospects, and protection of accumulated wealth are among the reasons for leaving, experts said.
The report also said that the numbers are a cause for concern due to the brain and capital drain it involves.
“Most of the prospective migrants from China are middle-class people aged between 35 and 55,” it said. “Their departure from China would weaken the middle-class support needed for China’s social transformation and also hinder the further progress of reforms and transformation.”