Photo / APChinese call it “runxue” or “run-ology” — the study of escaping China and taking your wealth with you. The word became popular inside China in 2022, when Beijing’s draconian Covid lockdown incited people to dream of a life abroad. An estimated 15,200 Chinese millionaires are predicted to emigrate this year, up from 13,800 who actually left China last year, Henley & Partners said. Preferred destinations in a world riven by conflict should be safe, so geographically remote places such as New Zealand and Australia are sometimes favoured. But even after such obstacles to migration have been overcome, wealthy Chinese can find life overseas brings a whole new set of unfamiliarities.

Source: New Zealand Herald June 23, 2024 17:02 UTC