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	Podcast:		Please Explain
	Episode:		Why so many millionaires are leaving China
	Category:		News & Politics
	Duration:		00:17:19
	Publish Date:		2024-10-09 18:01:00
	Description:		China has experienced a mass exodus before. People fled the country, for instance, after the collapse of Chinese nationalist Chiang Kai-shek’s regime in 1949. But lately, the country is seeing something new. Millionaires, in particular, are running away in record numbers. And taking jaw-dropping amounts of wealth with them. Today, international and political editor Peter Hartcher, on how Chinese president Xi Jinping - the most repressive leader the country has had in decades - might respond to a trend that’s being seen by some as a humiliating blow to the country. Audio credit: 'Quiet quitting' was happening in China before the rest of the world caught on, CNBC International. Subscribe to The Age & SMH: https://subscribe.smh.com.au/ See omnystudio.com/listener for privacy information.
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