Millionaires Want Out of China

By:  Bruce Walker
09/09/2011
       
Millionaires Want Out of China

China may soon be the largest economy in the world. It has always had those things required to be a giant on the world stage: very industrious people culturally inured to thrift, a large nation with diverse climatic conditions, and a huge population. As Dr. Thomas Sowell has pointed out in his brilliant studies of ethnic characteristics, throughout Asia the Chinese people have been the most financially successful.

Malaya and Indonesia, for example, are lands in which a large percentage of the income and wealth is in the hands of ethnic Chinese immigrants.  Hong Kong, long before Britain left when its 99-year lease expired, had among the highest standards of living in the Eastern Hemisphere. Singapore, too, far outstrips most other lands in Southeast Asia.

Chinese-Americans have also proven very capable professionals and entrepreneurs, starting from the very bottom of the socio-economic scale — lacking not only English language skills and a phonetic script, but a background in the Judeo-Christian religious traditions, and with a distinctive appearance that make them easy to recognize.

China may soon be the largest economy in the world. It has always had those things required to be a giant on the world stage: very industrious people culturally inured to thrift, a large nation with diverse climatic conditions, and a huge population. As Dr. Thomas Sowell has pointed out in his brilliant studies of ethnic characteristics, throughout Asia the Chinese people have been the most financially successful.

Malaya and Indonesia, for example, are lands in which a large percentage of the income and wealth is in the hands of ethnic Chinese immigrants.  Hong Kong, long before Britain left when its 99-year lease expired, had among the highest standards of living in the Eastern Hemisphere. Singapore, too, far outstrips most other lands in Southeast Asia.

Chinese-Americans have also proven very capable professionals and entrepreneurs, starting from the very bottom of the socio-economic scale — lacking not only English language skills and a phonetic script, but a background in the Judeo-Christian religious traditions, and with a distinctive appearance that make them easy to recognize.

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