“I don’t want to take care of my children forever,” Deng said. “I want them to learn how to live independently and to create wealth on their own.”
Urban Chinese have also been disgusted by scandals ranging from tainted baby formula to toxic running tracks, and alarmed that even the most prosperous cities are not safe from deadly factory explosions and other man-made disasters.
Despite her success running an online clothing business in the southwestern Chinese city of Chengdu, Peng Jie isn’t confident in her future in China. She sees the prices of property and schools rising and the value of the yuan falling, and fears that success could be taken away.
“In China, we have family and friends, and daily life is convenient,” Peng said. But, she added, “someone in the middle class can become poor in one second.”
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WOOING CHINESE INVESTORS
China is central to the success of almost every major investment migration program in the world, so many countries are going out of their way to court Chinese investors.
