More expats moving to China

Insight

Published June 29, 2015 at 7:47 PM
Updated June 30, 2015 at 12:07 PM

A report from the bank HSBC has found that China is now the third most popular destination for expats.

HSBC study ranks expat life in China:

Third best place in world

First in disposable income

Third in social life

14th in commute times

33rd in the best place to raise children

While many Chinese are moving overseas, a growing number of foreigners are migrating to China. By the end of 2012, there were 630,000 immigrants in China, up 16 percent from 2010.

Highlights:

  • More than 100,000 foreigners now live in Beijing, a tiny fraction of the city’s 20 million people.
  • China now granting more residency permits to “foreign talents” – including academics, executives and scientists.
  • China issued its first green card in 1986. According to the Ministry of Public Security, between 2012 and 2013, the number of green cards China issued increased by 83 percent.
  • For its small, but growing number of immigrants, China is becoming not just a land of opportunity, but also home.

CCTV’s Grace Brown reported this story from Beijing.

Immigration lawyer Laura Danielson discusses getting visas in China

CCTV America’s Asieh Namdar interviewed Laura Danielson an international immigration lawyer and a shareholder at Fredrikson & Byron, P.A. about what’s luring foreigners to China and the challenges to getting a visa.