Why China's Richest Gen-Zs Are Flocking Home
Big Take12 Dec 2023

Why China's Richest Gen-Zs Are Flocking Home

China is facing the world's biggest exodus of millionaires and growing capital outflows. Yet at least one group is bucking the trend -- the growing number of ultrawealthy Chinese youth who are returning to the mainland.

Rising geopolitical tensions, and the perception of increasing hostility abroad toward Chinese nationals, have led children of some of China's richest people to eschew what used to be coveted overseas jobs and foreign citizenship, and recalibrate to a life at home where the mantra is “stay humble, stay quiet." Bloomberg's K. Oanh Ha and Selina Xu explain how we got here, and how it will affect US-China relations.

Read more: China’s Ultra-Rich Gen Zs Flock Home as Global Tensions Rise

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for the team? Reach us at bigtake@bloomberg.net.

See omnystudio.com/listener for privacy information.

Populärt inom Politik & nyheter

svenska-fall
p3-krim
rss-krimstad
motiv
flashback-forever
aftonbladet-krim
rss-viva-fotboll
spar
krimmagasinet
rss-sanning-konsekvens
rss-krimreportrarna
blenda-2
politiken
fordomspodden
rss-vad-fan-hande
rss-frandfors-horna
olyckan-inifran
grans
rss-flodet
svd-nyhetsartiklar