|The wealthy are more interested in business migration.|
Wealthy decrease investment in property
China's wealthy population, defined as those having a net worth of more than 10 million yuan, is less enthusiastic than they were before about investing in properties in early 2011 amid tighter government policies to regulate the residential housing market, Xinhua reports.
Investment by the country's wealthy class in the real estate market decreased by 4 percentage points compared to the same period last year, according to a report released Wednesday by China Merchants Bank and Bain and Company business consulting firm.
The wealthy are more interested in business migration. Among the people surveyed, 60% are considering migrating by investment and 27% of billionaires have finished business migration.
(China.org.cn April 22, 2011)