Where the wealthy Chinese are going

A Chinese direct marketing company sent its employees to the west coast of the US for vacation, sightseeing and shopping. There were about 7,000 of them. 86 flights, 26 hotels, $85 million revenue...these are the numbers that Chinese tourists contributed to the state of California. It is estimated that there will be 2.3 million Chinese visiting California per year by 2021, and spend $6.1 billion in the state. And what's more important? Chinese tourists aren't just buying in restaurants or shopping malls. More and more of them are buying property and US citizenship! Among Chinese high net worth individuals with at least $1.5 million investable assets, over 50 percent of them are either planning to, or are thinking about, immigrating to the US. Read more here.