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Cyprus, a small Mediterranean country that is a member of the European Nation, has become a “new world” for wealthy Chinese immigrants in recent years. A newly exposed investigation found about 500 Chinese billionaires and officials successfully obtained the “golden passport” from the country. Experts believe that many people have realized that the Chinese Communist Party (CCP) is collapsing soon, so they are trying to save themselves before this happens.

In recent years, Chinese media also admitted that many millionaires and billionaires in China all choose to transfer their accumulated wealth to foreign countries and change their nationalities.

Sheng Xue, a Chinese-Canadian author said that she knows some Chinese people that hold passports of small Central American countries. It is safer for them to hide their assets and identities there. “They are afraid to be sanctioned, to have their sources of wealth investigated, and to be held accountable for their inhumane crimes committed in countries like the Five Eyes Alliance. Therefore, they are willing to choose those small unknown countries,” she explained. They knew that the Party must collapse sooner or later so they had to flee before the crisis happened.

Previously, Xin Ziling, an expert on China’s institutional system, had revealed in an interview with The Epoch Times that before the 18th National People’s Congress, the CCP had conducted an internal investigation in which it found more than 85 percent of the CCP officials were prepared to flee the Party and family members of these officials had already settled in foreign countries. Xin Ziling said that Xi Jinping admitted in a conference in June 2016 that the CCP has reached the brink of collapsing. Hu Jintao and Wang Qishan have also issued several warnings over the crisis.

#CCP #Passport #Europe #Billionaires #Escape

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