China had seen its millionaire count soar by 92 percent between 2013 and 2023.
China is expected to lose more wealthy people via emigration than any other country this year, according to a recent study.'China is again on track to be the biggest millionaire loser globally, with an anticipated net exit of 15,200 this year,' said a report published June 18 by British investment migration consultancy Henley & Partners .
is set to welcome more than 3,800 millionaires, second only to the United Arab Emirates and just ahead of Singapore .Newsweek reached out to the Chinese embassy in the U.S. and U.S. Citizenship and Immigration Services with written requests for comment.
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