via CNN: Mainland Chinese line up for Australia’s ‘millionaire visa’

Mainland Chinese line up for Australia’s ‘Millionaire Visa’

By Peter Shadbolt, for CNN
February 4, 2014 — Updated 1145 GMT (1945 HKT)
Chinese immigration into Australia now represents the third largest group after migrants from the UK and New Zealand.
Chinese immigration into Australia now represents the third largest group after migrants from the UK and New Zealand.
STORY HIGHLIGHTS
  • Chinese are the biggest group to apply for Australia’s ‘millionaire visa’
  • High wealth individuals must invest $A5 million in Australia to get a visa
  • Those investing for more than four years are eligible for permanent residency
  • Chinese are the third largest immigrant group in Australia after the UK and NZ

Hong Kong (CNN) — There’s little doubt which country Australia is targeting under its immigration scheme for the super-wealthy; the investment visa is called sub-class 188 and its permanent visa is called sub-class 888.

In China, the number eight is culturally associated with wealth, prosperity and good fortune and rich Chinese nationals have been queuing up for the opportunity to live in Australia under the millionaire visa program.

Since the scheme was launched in November 2012, 91% of the 545 applicants for the visas have been Chinese nationals, according to figures from the Australian Department of Immigration and Border Protection.

So far, Australia has granted 65 ‘significant investor’ visas to mainland Chinese.

The requirements for getting one of the highly prized visas are simple: all you need is a clean criminal record and $A5 million ($US4.37 million) to invest. There is no language requirement, upper age limit and applicants do not even have to set up a business in Australia.

Report: Wealthy Chinese using tax havens

Joining China’s journey home

The world’s largest mass migration

Those able to park their A$5 million investment in Australia — complying investments include government bonds, managed funds and Australian proprietary companies – for more than four years can apply for a permanent visa.

Under the scheme, visa holders can keep their operations running in China if they wish. It’s hoped that the move will attract a greater range of immigrants to Australia.

MORE: Europe’s golden visas lure China’s rich

Deloitte partner and global immigration leader Mark Wright told the Australian Broadcasting Corporation the days of Chinese investors coming to Australia simply to start a corner store or a small business were over.

“Australia is now looking to attract a larger scale of investment to feed a greater level of infrastructure development,” Wright said.

According to a report by professional services company KPMG, the patterns of Chinese investment are beginning to change, with more private Chinese investors expanding their interests in the country.

The report said that while Chinese state-owned enterprises (SOEs) accounted for 64% by value of the amount invested in Australian agriculture between 2006-2012, Chinese private investment accounted for 70% of the deal volume.

“Chinese companies are playing a more active role compared to other sectors such as mining and gas, where SOEs have dominated,” the report said.

According to immigration specialists in Hong Kong, Sydney and Melbourne — where property prices have risen 10% and 6% respectively over the past 12 months — are the preferred destinations for mainland Chinese immigrants.

In some suburbs 90 per cent of new product will sell to Chinese buyers
John McGrath

The chief executive officer of McGrath Estate Agents, John McGrath, said that Chinese buyers had boosted prices in certain sectors of the Australian property market.

“In some suburbs 90 per cent of new product will sell to Chinese buyers,” he told the ABC. “I think it is quite centralised in certain pockets, so I don’t think it is doing great damage or harming local buyers’ opportunities to buy here still.”

According to the Australian Bureau of Statistics, the proportion of Australian immigrants born in Asia increased from 24% in 2001 to 33% in 2011.

Around 6% of immigrants born overseas came from China — the third largest group in Australia. While this group, along with Indians, represented one of the fastest growing groups, it was still a long way behind immigration from the United Kingdom, at 20%, and New Zealand at 9.1%.

Immigration has been a politically charged and emotive subject in Australia, where the conservative Liberal Party won election last year partly on a platform of promising tougher policing of the country’s immigration laws. Australia turns away thousands of refugees and asylum seekers but at the same time is suffering a skills and manpower shortage for manual jobs.

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UN: 6.6 Million Children Under 5 Died Last Year – ABC News

UN: 6.6 Million Children Under 5 Died Last Year

LAGOS, Nigeria September 13, 2013 (AP)

By CARLEY PETESCH Associated Press

Childhood death rates around the world have halved since 1990 but an estimated 6.6 million children under the age of 5 still died last year, the U.N. children’s agency said Friday.

Nearly half of all children who die are in five countries: Nigeria, Congo, India, Pakistan and China, it said in a report.

“Progress can and must be made,” said Anthony Lake, UNICEF’s executive director. “When concerted action, sound strategies, adequate resources and strong political will are harnessed in support of child and maternal survival, dramatic reductions in child mortality aren’t just feasible, they are morally imperative.”

The top killers are malaria, pneumonia and diarrhea, the report said, taking the lives of about 6,000 children under age 5 daily. A lack of nutrition contributes to almost half of these deaths, the U.N. said.

Eastern and Southern Africa have reduced their death rates for children under 5 by more than 50 percent since 1990. West and Central Africa are the only regions not to have at least halved the number of children under 5 dying over the past 22 years, the U.N. said.

Nigeria bears more than 30 percent of early childhood deaths for malaria and 20 percent of the deaths associated with HIV. Globally, the country accounts for one in every eight child deaths, the U.N. said.

While these numbers are grim, the rate of improvement globally seems to have plateaued at about 4 percent improvement per year since 2005, the report said. The estimated numbers are based on solid data from about half the world’s countries. And for regions with the biggest problems, they had to rely on modeling techniques.

Countries like Bangladesh, Ethiopia and Brazil showed tremendous progress, due in part to increased community health care. Affordable and increased interventions — like treated mosquito nets, medicines, rehydration treatments and improved access to safe water — helped improve the early childhood death rate in other countries as well.

But improvements were not as bold in countries like Nigeria, Congo, Sierra Leone and Pakistan, the report showed.

Lake said a new sense of urgency was needed to improve the figures.

“Yes, we should celebrate the progress,” he said. “But how can we celebrate when there is so much more to do?”

via UN: 6.6 Million Children Under 5 Died Last Year – ABC News.

The Effects of Germany ‘s Low Birth Rates

Human Imprint Synopsis: Germany Fights Population Drop – The New York Times

It is no surprise that a CORE country such as Germany has one of the lowest FERTILITY RATES in the World. But what may surprise some are the long-term socioeconomic effects that a low birth rate can bring. As Germany relishes one of the highest GDP’s in the World, it also means that more women are looking for long-term careers in spite of traditional values that support women to be stay-at-home moms. Due to Germany’s NEGATIVE POPULATION GROWTH, it is coming to grips with the reality that losing 1.5 million citizens (according to the last census) is weakening its strong economic system. Germany faces DEINDUSTRIALIZATION, a slumping housing market, high unemployment rates, and increasing retirement ages to ensure a tax base.

Germany also has a history of resisting immigration, and attitude that might need to change if it plans on sustaining a healthy economy. Not only is there a lack of young workers due to a low population growth rate, but if there is a high unemployment rate, Germany also faces a NET OUTMIGRATION of the working age that they have left. Though Germany is supporting of their AGING POPULATION in the workforce, bringing in MIGRANT WORKERS may be just what the doctor ordered. Until then, Germany is fighting with PRONATALIST POLICIES aimed at encouraging families to have children with tax break incentives and government subsidies to allow women to stay at home and raise a family.

Germany Negative Population Growth

Low-Water Lunch: A Chinese Breakthrough on Irrigation? | @pritheworld

Esther Boserup would be proud! It looks as though the Chinese have created a new irrigation system that allows plants to use water only as it needs-creating a more sustainable agricultural method to support it’s exploding population.

Take that Malthus.

Low-Water Lunch: A Chinese Breakthrough on Irrigation? | @pritheworld.

Agronomist Kim Ji-Seok points to soil with trace irrigation that is moist, but not wet. (Photo: Mary Kay Magistad)
Agronomist Kim Ji-Seok points to soil with trace irrigation that is moist, but not wet. (Photo: Mary Kay Magistad)