More and more Chinese citizens are looking to leave China amid growing youth unemployment, a struggling economy, and ongoing COVID outbreaks. The keyword “immigration” on the Wechat index reached 100 million searches on December 6.

In July, according to a new wealth migration analysis by investment migration consultant Henley and Partners, around 10,000 high-net-worth people (HNWI) in China are seeking to leave China this year. They may take $48 billion in wealth with them.

As Nikkei Asia reported, Thailand unveiled a new visa dubbed the Long-Term Resident visa in September. It’s this country’s effort to draw talent worldwide. The visa provides holders with a preferential personal income tax rate and the right to stay in the country for ten years. The application period started on September 1.

Narit Therdsteerasukdi, secretary-general of Thailand’s Board of Investment, said Americans were the largest group by nationality, followed by Chinese, British, and Germans.

While much of the world tries to coexist with the COVID pandemic, China is the only major country that has continued to insist on its strict COVID policy. The restrictions have put residents’ lives under pressure, sparking public grievances across the country. 

Nationwide anger escalated after a fire in a building in Urumqi killed at least ten people, and it set off questions about whether the casualties were due to COVID restrictions.

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