It's great marketing for Western democratic values, after all, to be a desirable destination for your rivals' top talent. This served our interests economically, militarily and geopolitically. These and other immigrants turned out to be productive workers, who in turn made our own homegrown workers more productive. During the mid-20th century, for instance, we took in scientists from Germany (both those who worked for the Nazis, and those persecuted by them) and part of our Cold War policy included siphoning off Soviet superstars. government has often worked hard to poach the top talent of our geopolitical adversaries. For more than a century, we have benefited from waves of people leaving difficult conditions in their home countries. Immigrants have long been the lifeblood of the U.S. However impressive Beijing's economic and scientific ambitions might appear, it will struggle to achieve them if the country's top talent is always eyeing the exits.Ĭhina's loss presents a huge opportunity for the United States, though.
This is especially true if those leaving the country are disproportionately higher-skilled, deeper-pocketed and younger, as appears to be the case. More important than the superlative, these demographic trends will drag on Chinese living standards in the years ahead. This is a problem for China - on a number of fronts.ĭecreasing fertility rates and rising out-migration recently led China to lose its status as the world's most populous country. Other privately sourced data suggests that among those choosing to pack up and go are a growing number of China's millionaires. For context, that's roughly double the annual net outflow from 2010 to 2017. On net, more than 300,000 people left China in 2022, with another net loss of 300,000 projected this year. The years after the global financial crisis, however, saw a slightly slower trickle of people leaving, perhaps because the United States and other richer countries faced a weak recovery.īut in recent years (with a brief exception during covid-era lockdowns), that trickle has again come to resemble more of a gusher. Population Division and recently highlighted by the Wall Street Journal's Nathaniel Taplin.Įvery year over the past several decades, China has experienced a net migration outflow. Whatever the specific motivations, the number of people leaving China and seeking to make (or invest) their fortunes abroad is rising again, according to data from the U.N.
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