A couple stories in the news which, yet again, highlight the growing influence of Chinese wealth...
- A 'BORDEAUX BUBBLE'? Chinese thirst for top French labels could lead to worldwide wine speculation
Asian millionaires want the best Bordeaux wines. This permanent demand on a limited number of bottles has sent prices skyrocketing for the most prestigious Chateaux at Hong Kong auctions. It risks skewing the market as a whole. - CHINA'S 'WEALTH DRAIN' - New signals that rich Chinese are set on emigrating
According to a recent study, China’s richest dream of one thing: packing up and heading for other countries, especially the West. This Chinese “investment emigration” is in full swing, and can have corrosive economic and social consequences.
(edit 6/14/11 photo replaced)
