Hello everyone, today I am going to tell you about a country where millennials and billionaires or big businessmen are constantly leaving the country and from 2027 to 2029, more than half of the billionaires will leave the country.
If you also want to know about that country then read this article completely because in this article, detailed information about that country has been given and it is also told why all the businessmen want to leave that country.
That country is none other than India's neighbor, the most powerful country in Asia and the second largest economy in the world, China.
China is known for its big buildings and infrastructure as well as dictatorship, but there is a lot of resentment among the businessmen in China due to which big businessmen are leaving China and so far many big businesses have left China and the reason behind it is the country's wrong behavior with other countries.
Why are big business leaving China?
There are many reasons why big businessmen are leaving China but I will share some such topics with you which after knowing you will also understand why this is happening.
- Chinese land problem.
- Chinese sea problem.
- Chinese diplomacy problem.
- Chinese government's control in business.
1. Chinese land problem.
China shares its border with many countries, one of which is India and the India-China border is about 3448 kilometers and some part of this is in Arunachal Pradesh, in which China always tries to put pressure on the people of Arunachal Pradesh and the Indian government that it is a part of China.
But America had also clearly said that Arunachal Pradesh is a part of India, along with this, another land dispute continues between China and India, that is Ladakh.
A few years ago, an encounter between India and China also took place in Galwan Valley in Ladakh, in which many Chinese soldiers were killed and many Indian soldiers were also martyred, after which India's relationship with China became even worse.
And it always seems as if the war between India and China can definitely happen in the next 5 to 6 years. After the Galwan Valley incident, relations with India deteriorated and after that India has also banned many Chinese apps, which also includes big apps like TikTok. More than 462.0 million people use social media in India, so after TikTok is banned, TikTok suffers a loss of about 400 crores every year.
There are many other Chinese apps which are banned in India, due to which the businessmen there suffer losses of millions of dollars due to not getting access to Indian users. Now in such a situation, the businessmen have to leave the country and go to another country and establish their business in India.
2. Chinese sea problem.
China shares the sea area with many countries, in which China considers the South China Sea as its own. The South China Sea is a very controversial place on which many countries claim their rights. For example, China says that the entire South China Sea is its own, but Vietnam is also against it, it also says that some part of the South Sea is its own, along with this Brunei also says that some part of the South China Sea is its own and China has the most dispute with the Philippines because China always troubles the Philippines in the sea dispute with the Philippines and there is a bigger problem with Taiwan, China wants complete control over Taiwan because Taiwan comes under the South China Sea, due to which China wants to take Taiwan under its control but Taiwan considers itself independent.
Many such news keep coming in which China keeps trying to intimidate the Philippines by sending its coast guard ship or aircraft ship to the Philippines area, due to which the danger of war between the Philippines and China always remains and if a war happens then the biggest loss will be to the Chinese businessmen. Because whenever there is a war in a country, many taxes are imposed on the businessmen there. Many sanctions can also be imposed on China, which can cause a lot of damage to the business there. That is why many businessmen in China are being forced to leave China.
3. Chinese diplomacy problem.
According to Lowy Institute, China has 274 embassies all over the world but China's relations with many countries are very bad. China is facing a lot of problems in its diplomacy. China's relations with many big countries of the world are very bad.
Especially, China's relations with its neighbouring countries are even worse because any country can grow well only when its relations with its neighbouring countries are very good and China lags behind in this. China's diplomacy is going very bad compared to other countries.
China has spoiled its relations with big countries like India, America and also China does not behave well with its neighbouring countries like Philippines, Taiwan, Brunei and all these small neighbouring countries due to which China's relations are spoiled. And its effect falls on the businessmen there because they are not able to export their products there due to bad relations and this causes loss.
4. Chinese government's control in business.
The Chinese government exerts significant control over businesses operating within its borders through a variety of mechanisms, some of which I have outlined below:
- State-owned enterprises (SOEs): These are companies that are owned and operated by the government. They play a key role in sectors such as energy, telecommunications, and finance. The government directly appoints management and can influence their operations.
- Regulations and policies: The government sets rules and regulations that businesses must follow. These can include everything from market entry requirements to environmental standards and taxation policies. Noncompliance can result in fines or even closure.
- Political influence: The Chinese Communist Party (CCP) has a strong presence in businesses through its committees and cells within companies. This ensures alignment with government policies and ideologies.
- Censorship and control of information: The government controls what can be published or accessed online and in the media. This affects how companies can market and communicate, especially in relation to sensitive topics such as politics and human rights.
- Investments and subsidies: The government can encourage or discourage investment in certain industries through subsidies, loans or preferential policies. This can determine the growth and direction of businesses.
- Partnerships and joint ventures: Foreign companies wishing to operate in China are often required to form partnerships with local entities. These partnerships may involve sharing technology and intellectual property, which the government may monitor closely.
- National security concerns: The government may intervene in business operations if it perceives a threat to national security, which can be broadly defined to include economic stability and social harmony.
Overall, the Chinese government's control of business reflects its broader strategy of managing economic growth while maintaining political stability and ideological coherence. But the Chinese government also has to bear some of its disadvantages because if some companies become independent, they will think about expanding to many more countries, but the Chinese government keeps full control over these websites, due to which it cannot scale on a large scale and neither does it have any competition, due to which its growth rate decreases significantly.
If we say in short, China has spoiled its relations with many countries so much that the possibility of war has become very high and in such a situation no businessman would want to suffer a loss. That is why many businessmen from China are shifting to other countries. Because when a country has a war with another country, the infrastructure there goes down very fast, the growth rate there goes down a lot and the biggest fear is of sanctions being imposed on the country.
If sanctions are imposed on a country, then it can export very few products or cannot buy some things, due to which the businessmen there suffer a huge loss and the government also imposes many types of taxes on businessmen during the war, to avoid which businessmen are forced to leave the country, so if China wants to keep its billionaires in its country, then it will have to fix its relations and diplomacy relations with other countries.