China: Economic Miracle

Political Uncertainty Dept: China's economic miracle of the last 30 years, which has created about one million millionaires and up to 300 billionaires, has also created an environmental wasteland and great political uncertainty, according to Vancouver Sun. And as the Communist party prepares later this year to begin the process of transferring power to the fifth generation of leaders since the revolution of 1949, some would-be emigrants say they don't believe things can continue as they are and there are two overriding reasons driving thou-sands of China's wealthy to emigrate: desire for a better lifestyle, and lack of faith in the ruling Communist party. In surveys and interviews many of China's new rich say they feel insecure. They know that in a country without the rule of law and a dictatorial one-party regime, their wealth can be seized or otherwise taken away from them at any time. (www.immigrantscanada.com). As reported in the news.