When China´s rich set up shop abroad, they often follow a pattern, explains Hurun founder Rupert Hoogewerf in the China Daily. The first step in that process is sending their children to a specific country, to explore the situation. That is why education is a key tool for the emigration process.
The Chinese super rich are banking on foreign education for their teenage children as an investment.
Going overseas for a university degree has always been an option for the children of the wealthy, but now parents are sending their children overseas for secondary education also.
The United Kingdom is their first choice with the United States second, according to the Chinese Luxury Consumer Survey 2014, published by the Hurun Report, which polled 400 parents who each had at least 10 million yuan ($1.6 million) in disposable income.
For undergraduate study, the rankings are reversed with the US topping the list, the UK second and Australia third.
In terms of secondary education, Canada is the third most favored destination.
“We have been keeping a keen eye on overseas education as it indicates a trend in emigration,” said Rupert Hoogewerf, chairman and chief researcher of the Hurun Report.
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