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I have been telling people this for over 15 years. Catches include: we economic migrants have reduced access to the market, less progressive regulatory stance,
by contingencies 8y ago
I have been telling people this for over 15 years. Catches include: we economic migrants have reduced access to the market, less progressive regulatory stance, shifting and complicated bureaucratic visa/banking/tax processes to deal with, and even difficulties getting capital out again. One summary is: it's relatively easy to make big money in China, but hard to make a liveable salary - this affects Chinese people more than migrants. Macro economically, lots of cash was recently won on real estate (like in many developed economies recently, such as my native Sydney), and prior to that outright corruption, though both avenues are now closing and priority is being placed upon technology IP by the government (read: free government handouts for local competitors, foreign companies generally excluded).