Part 5/11:
Hong Kong tycoon Vashin recognized the signs early, pulling his investments out long before others followed. By mid-2023, official data confirmed that China was experiencing a significant foreign direct investment (FDI) decline—nearly $15 billion disappeared, marking a clear U-turn from earlier optimism. The exodus of money has been mirrored by a wave of Chinese millionaires and billionaires fleeing the country, with estimates indicating around 14,000 wealthy individuals leaving in 2023, and another similar number preparing to depart.
Why Are the Wealthy Leaving?
The exodus is driven by multiple concerns: