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.

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:
<ul>
<li><a href="https://www.youtube.com/watch?v=lbmH4vHvQKI">'Quiet quitting' was happening in China</a> before the rest of the world caught on, CNBC International.</li>
</ul>

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The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

Why so many millionaires are leaving China

https://api.omny.fm/orgs/88b564ea-a9a6-4751-910a-a5d800019396/clips/8cfe7e73-da05-4c78-86e7-b2040066f222/transcript

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