I want to give you more comedy relief.
Here is news that at least 500 Chinese Millionaires and billionaires are running away from china and seeking European citizenship.
The Cyprus Papers, a huge leak of Cypriot passport application data reveal
more than 500 Chinese nationals were approved for Cypriot citizenship after investing at least $2.5m in the European Union member state.
Wealthy Chinese began looking outside their own country after President Xi Jinping’s 2012 crackdown on “tigers and flies”, which started out as an anti-corruption campaign but eventually led to tougher scrutiny of how China’s business elite make their money and where they keep it.
Among the Chinese names in
The Cyprus Papers are Yang Huiyan and her husband. She is often described as Asia’s richest woman, worth an estimated $27bn made through her property company, Country Garden Holdings, which builds luxury estates.
Another Chinese national that now also holds Cypriot citizenship is the relative of a wealthy businessman, whose identity will not be made public by Al Jazeera for the safety of those involved.
The businessman has not been seen since he was abducted in Hong Kong by Chinese security agents earlier this year.
“I think nearly all your very rich in China would probably have a second passport in order to give them some kind of security,” Professor Steve Tsang, director of the China Institute at London University’s School of Oriental and African Studies,
Al Jazeera reports that Chinese people were the second-largest group, after Russians, to be granted citizenship in Cyprus under the ‘golden passports’ programme in recent years.
www.scmp.com
The Cyprus Papers reveal 500 Chinese and more than 350 Arabs bought Cypriot passports, granting them EU access.
www.aljazeera.com
