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The old adage applies: "Your money or your life"
Depending on what they think their future holds, leaving all their money behind may be a very very small price to pay.
I disagree, their parents went through so much worse and they saw China rise, the belief is if they can stick through just a little they might find a new opportunity, or maybe things will just work out.
Also they don't think things are magically better elsewhere, so maybe it's just that.
For us the price might not make sense, but I understand if it does to them at least.
I'm not sure what you say you're disagreeing with.
I'm saying a portion of the population with still valid passports may choose to leave because of these new restrictions. Are you disagreeing and saying "not a single person with a valid passport will choose to leave China forever"?
Fine, I'm suggesting most people would choose their money over their lives right now, though that might change over time.
I agree with you on this. My point at the beginning of this thread was the group of folks choosing their money over their lives is now getting smaller now that it looks like they may not have the chance the make the choice again at a later date (when their passport is seized).
While I would agree here, I think they will still choose their money right now.
The richest will definitely consider leaving, but I think the choice between life and money right now still leans toward money unless you can feel safe getting money out.
There have been high-profile people losing that bet, but my exposure suggests the frogs haven't yet reached the jump point, though there is a lot of fidgeting.
The data doesn't back your idea. Since 1950 (the beginning of this dataset) China has had a negative Net Migration rate. More people have chosen to leave China even accounting for others that choose to come to China.
source
About 310,000 more people per year leave China than come. source
I'd like to believe that, anecdotally I've seen a number of engineers head back because they felt they could leverage their skills where they were the one-eyed in the land of the blind.
You really should want to leave though, Xi is not subtle in his desire to control all aspects of Chinese life.
I agree with you. I don't think those engineers are wrong that they will likely do well as the CCP has a big push to develop domestic research married to its strong domestic manufacturing.
This is the part that confuses me about those engineers actions. Jack Ma was one of those engineers at one point. If you're too successful, bad things happen to you. So what does that mean for the engineers that are going back? Do they perhaps see themselves reaching upper middle class status, then stopping career growth? Do they not see that even being rich in China doesn't give you the right to express your opinion?