our expectation at this year is 0ur expectation at this year is to see another 13,500 millionaires leave china. are millionaires leave china. are they completely millionaires leave china. are they completely cutting ties titan china? they completely cutting ties titan china? titan china? not at all. as eole titan china? not at all. as people become titan china? not at all. as people become more - titan china? not at all. as - people become more financially independent they do seek what are sometimes called greener pastures returns and there might include a better education for their children access to health and in china possibly case a lot of people do still keep their business there but from a text efficiency perspective of the destinations might be more attractive. destinations might be more attractive- attractive. are they worried about their attractive. are they worried about their truck attractive. are they worried about their truck - attractive. are t
joins me now, head of autos and infrastructure at fitch solutions. good morning to you. so, this has literallyjust come out, hasn t it? what do you make of this plan? it hasn t it? what do you make of this plan? this plan? it really appears to be future this plan? it really appears to be future proofing this plan? it really appears to be future proofing the - this plan? it really appears to | be future proofing the industry for this shift to evs which is already the fastest growing segment in the market, and that brings with it big changes to the manufacturing side of the industry. we have been looking at something similar ourselves and what will be the megatrends in the industry to 2050 and one of those is automation because evs are particularly well suited by manner of having fewer parts to more automated manufacturing and it has an impact on the skill sets that are required for manufacturing. but notjust are required for manufacturing. but not just the are required fo
looking to boost foreign investments as its own economic engine slows down. earlier eyes spoke to mattie of the ink comp word o connor s intelligence unit who described what economists are finding of not being in china for nearly three years. i being in china for nearly three ears. ~ being in china for nearly three ears. ~ ., ., years. i think one of the reasons years. i think one of the reasons this years. i think one of the reasons this meeting i years. i think one of the l reasons this meeting and years. i think one of the - reasons this meeting and kind of the streams of executives and world leaders we have seen returning to china in the last few months since the surprisingly abrupt exit of zero covid and china s opening there has been a perception gap thatis there has been a perception gap that is only widened in the three years china was closed. wattimena is the perception of china from outside, even those who have businesses here and have teams here, for whom c
number one in the world of the last few years. under expectation this year is to see another 13,500 millionaires leave china. leave china. are they completely leave china. are they completely cutting i leave china. are they i completely cutting ties leave china. are they - completely cutting ties from china? ., ., . . completely cutting ties from china? ., ., ., ., a china? no, not at all. as peeple china? no, not at all. as people become - china? no, not at all. as people become more - china? no, not at all. as - people become more financially independent they do seek sometimes what are considered greener pastures. reasons for that might include better education for their children, access to healthcare. i think in china s case, as i said, a lot of people do still keep their businesses there, we expect it to sit probably in second place with a500 net inflow of millionaires into the uae and particularly into dubai. . , , dubai. have you seen this migration dubai. have y