China's economy slows for second straight quarter, testing reforms

[Source: NBCNews]

China's economic growth in the second quarter of the year may not have slowed as much as some had feared, but a large degree of uncertainty about the outlook for the world's second biggest economy remains, strategists say.

Data on Monday showed the Chinese economy grew 7.5 percent year on year in the June quarter, in line with expectations, but down from 7.7 percent in first three months of the year to mark the second straight quarter of slowing growth.

"Who knows if 7.5 percent [growth] is sustainable? It really is a question of watching the data and where it stabilizes is what's important for the market," Simon Warner, head of macro markets at AMP Capital, told CNBC Asia's "Cash Flow."

"We have a real situation in China where nobody really knows where Chinese growth is going to settle down in the coming quarters," he added.

The China gross domestic product (GDP) data bought some relief to markets, which had braced for a weaker-than-forecast number after recent data sparked fears of a sharp slowdown in growth.

Asian stock markets were a touch firmer after the GDP release, while the China-data sensitive Australian dollar hit a session high of about $0.9109

Entire Article here: China's economy slows

More Chinese immigrants move to developed economies

[By Fu Jing in Brussels ( chinadaily.com.cn)]

The number of Chinese immigrants to developed economies has picked up slightly from 2009, and made China the "leading country of origin" according to a report published on Thursday in Brussels.

But given its 1.4 billion population, the rate is far lower than most other countries in the world. And its ability and insight into attracting expertise has won warm appreciation from the OECD chief.

As the Paris-based Organization for Economic Cooperation and Development released the International Migration Outlook 2013, the organization's secretary- general Angel Gurria praised China for implementing "very smart" measures to attract expertise. 

China's immigration into OECD countries reached 529,000 in 2011.

In 2009 the number declined to 460,000 from 518,000 in 2007. 

Based on 2011 figures, major immigration countries following China are Romania, Poland, India, Mexico, Philippines, United States, Germany, Morocco and the UK, each of which all has immigration of above 100,000.

See complete report: Slight rise in Chinese immigrants to developed economies

Chinese with high net worth emigrating overseas consider the EB-5 program

A few main reasons for Chinese to consider USCIS EB-5 program:

1. Diversifying investments; with tough governmental restrictions on Chinese real estate market and declining gold price,  many Chinese investors are considering international investment strategies. Investing in foreign real estate, including residential properties, is a top priority approach for many investors.
2. Sending children for a better education; many Chinese teens are coming to private high schools in the US. Currently there are nearly 200,000 Chinese students enrolled in the US schools, colleges and universities.
3. Avoiding potential social and political instabilities; with a new regime in power, many wealthy investors feel more uncertainty and discomfort about which direction China is to be headed. The vast gap between the rich and the poor has further pushed the investors for outbound opportunities.
4. Seeking a better life; with numerous reports on food safety issues, environment pollution problems across China, Chinese investors are simply searching for exit strategies.

Empire State EB-5 Regional Center has projects ranging from the healthcare to manufacturing to bio-technology industries. Contact us today to gather more information on these exciting new projects.

CONTACT EMPIRE STATE EB5 REGIONAL CENTER TODAY!

2815 Monroe Avenue, Suite 2100

Rochester, New York 14618

Tel: (866) 763-6515

                                                     EMAIL HERE or WEBSITE HERE

China Mainland to top Japan in millionaire stakes

(Source: China Daily, by Michael Barris)  

The Chinese mainland is poised to overtake Japan this year as the economy with the world's second-largest number of dollar millionaire households, behind the United States. 

And the Asia-Pacific region will surpass North America in four years as the world's wealthiest region, according to a report by the Boston Consulting Group. 

In its annual study of the world's wealth management industry, the global management consulting firm said worldwide wealth grew faster last year than in the previous two years. 

But it predicts that revenue growth and profits at wealth management firms will fall over the next five years, as the faster creation of wealth in Asia-Pacific and other developing regions poses challenges that will rob firms of the momentum they started to gain in 2012. 

BCG calculates millionaires by their investable assets excluding a primary residence or business. In 2012, the US had the most millionaire households, with 5.9 million, followed by Japan with 1.5 million and the Chinese mainland with 1.3 million. 

Complete report of China Mainland to top Japan in millionaire stakes

Three out of five wealthy Chinese want to immigrate

[Source: Jason Chow; WSJ]

China’s rich continue to want to invest and move abroad in large numbers, but their goals have begun to shift, consulting firm Bain & Company said in a report released Tuesday.

Three out of five wealthy mainland Chinese are looking to immigrate out of China while another third own investments abroad, Bain said in its “China Private Wealth Report, 2013,” based on a survey conducted earlier this year of 3,300 “high-net-worth individuals” with at least 10 million yuan (US$1.6 million) in investable assets.

Jennifer Zeng, the lead author of the report, said the desire for overseas immigration and investment is a defensive measure for China’s rich. “The more they look for risk diversification, the more they look elsewhere,” said Ms. Zeng in a phone interview from Beijing.

She pointed out that the proportion of wealthy Chinese with overseas investments has doubled to 33% since 2011, the last time the survey was completed. Among the ultra-high-net-worth Chinese – those with at least 100 million yuan of investable assets – 51% said they had money invested overseas.

Read entire article:  Three out of five Chinese want to immigrate

China's billionaires on rise

[Source: WANG ZHUOQIONG - China Daily]

China has had more billionaires created by its stock markets this year than in the United States - 212 compared with 211 - a new survey revealed on Thursday.

According to the latest Hurun Global Rich List 2013, there were 1,453 people in the world with personal wealth of $1 billion or more at the end of January.

Another significant sign of more wealth being created in the East came with figures showing Asia was home to the highest number of billionaires, with 608, followed by 440 from North America and 324 from Europe, said Hurun researchers.

Among individual countries, the US and the Greater China area dominated with 408 and 357 respectively, followed by Russia, Germany and India. 

Between them, the US and China now have half of all billionaires on the planet.
Moscow, with 76 billionaires, is the billionaire capital of the world, followed by New York, Hong Kong, Beijing and London, according to the report. 

More on the Chinese billionaires article HERE

Latest on the imminent Chinese EB-5 visas numbers for 2013

According to Charles Oppenheim, the Chief of Visa Controls and Reporting Division at the U.S. Department of State spoke at a recent IIUSA conference in Washington D.C., if the current growth trajectory continues for Chinese EB-5 investors investing in the EB-5 regional center programs, he anticipates that the issuance of Green Cards to Chinese investors will be suspended in the second half of 2013.

On a side note, the Chinese are the leading source of overseas students in the United States and only looks to increase. Besides receiving a green card, many EB-5 investors coming from this region are not only looking at colleges for their children, but more and more are looking to leave China to get their children in grammar schools in the United States.
(Great article in USA Today: http://www.usatoday.com/story/news/world/2012/11/14/china-leadership/1704551/)

Here’s how the Visa Bulletin For December 2012 from the Department of State explains it:

The following advisory is based strictly on the current demand situation. Since demand patterns can (and sometimes do) change over time, this should be considered a worst case scenario at this point.

It appears likely that a cut-off date will need to be established for the China Employment Fifth preference category at some point during second half of fiscal year 2013 [i.e., April to September 2013]. Such action would be delayed as long as possible, since while number use may be excessive over a 1 to 5 month period, it could average out to an acceptable level over a longer (e.g., 4 to 9 month) period. This would be the first time a cut-off date has been established in this category, which is why readers are being provided with the maximum amount of advance notice regarding the possibility.

The above projection[ ] [is] for what could happen during … the next few months based on current applicant demand patterns. The determination of the actual monthly cut-off dates is subject to fluctuations in applicant demand and a number of other variables which can change at any time.

Read full article here: Visa Bulletin For December 2012

China's extremely wealthy feeling the effects of slow economic times

(Source: BBC) The Chinese economy has slowed in recent months with growth falling to a three-year low of 7.6%, compared with the previous year. China has 251 people worth $1bn (£616m) or more, 20 fewer than last years mark. However, the number is still a huge increase compared with 2006, when there were only 15. It is the first time in over seven years that the number of billionaires in China has fallen this significantly. The BBC report gives the notion that times are changing and international immigrants are trying to provide a healthier lifestyle for them and their families by leaving their home countries. The only immigration investor program that the United States offers is the EB-5 program.

Read full article here - http://www.bbc.co.uk/news/business-19709386

For more information on the USCIS EB-5 Immigration Investor program,

 

CONTACT US EMPIRE STATE EB5 REGIONAL CENTER TODAY!

2815 Monroe Avenue, Suite 2100

Rochester, New York 14618

Tel: (866) 763-6515

                                                         EMAIL HERE or WEBSITE HERE

Why are the Chinese leaving their home country?

(Source:  The China Speakers Bureau - China Herald, Thanks to EB5 News Blog for sharing)  

Watch this 20-minute panel discussion video produced by Mr. Fons Tuinstra of the China Speaker Bureau.  It is very good insights on the reasons that Chinese are leaving their home country. Why are they going to the US and other countries? New trends in emigrations from China to the US by panelists Mr. Isaac Mao, Ms. Meixian Li and Mr. Richard Brubaker, who expects the number of Chinese leaving will be in the years to come give or take 20 million.