China's Wealthy Wish to Leave?

Part II

http://www.nytimes.com/2011/09/08/opinion/chinas-rise-isnt-our-demise.html?scp=5&sq=biden&st=cse

Shortly after my last post, the New York Times published Vice President's op-ed piece linked to above. I think the take away from this article is that the futures of the economies of the United States and China are deeply intertwined. What does this mean practically? As V.P. Biden pointed out in his editorial, the United States and China continue to export manufactured goods to each other. One area of exchange not addressed by his editorial, but of note, is the exchange of human capital between the two nations. According to a New York Times Article published in May 2011, "Coaching and Much More for Chinese Students Looking to U.S.," there has been a significant increase in the number of Chinese undergraduate students studying in the United States, and that the number was fifty-percent higher for the 2009-2010 school year than the previous year. http://www.nytimes.com/2011/05/30/business/global/30college.html?_r=1&pagewanted=all%22%3E%3C/a%3E."

What does this mean in terms of immigration?

In terms of immigration, this means that the sheer number of Chinese students applying for student visas has increased. A by-product of this demand is related to the issues raised in my previous blog, entitled "China's Wealthy Wish to Leave." Parallel to the increase in Chinese students seeking higher education in in the United States is an increased desire on the part of wealthy Chinese citizen to leave China which in turn has led to an increase in the number of applications for EB-5 visas on the part of those same wealthy Chinese individuals. Why are these visas gaining in popularity as opposed to other forms of immigration?