China’s Once Booming Expatriate Population Continues to Fall, Moving Company Says
Long regarded as a promised land of sorts for international business and manufacturers, China has always attracted hordes of eager expatriates ready to work alongside the country's billion-plus consumers. According to an international moving company, however, those days could soon be over.
A recent study by UniGroup Relocation -- which moves more than 260,000 families worldwide each year for work -- indicates that expatriates to China are undergoing a bit of an exodus.
In 2014, twice as people moved out of China than into the country, according to UniGroup's customer data.
The increased outflow could be the result of a combination of factors, such as expiring work contracts which can keep expats in China for two to three years, according to UniGroup. Other reasons include the rising cos...