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Here’s why I’m giving serious consideration to a move to China

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I found this via HuffPo:

9 Signs of America in Decline

By

Image via WikipediaRick NewmanPosted: October 26, 2009

The sky isn’t falling, exactly. America isn’t on a fast track to irrelevance. Even in a state of total neglect, we could probably shamble along as a disheveled superpower for a few more decades.

But all empires end, and the warning signs of American decline seem to be blinking more consistently. In the latest annual “prosperity index” published by the Legatum Institute, a London-based research firm, the United States ranks as the ninth most prosperous country in the world. That’s five notches lower than last year, when America ranked No. 4. The drop might seem inconsequential, especially in the midst of a grueling recession—except that most of the world has endured the same recession, and other countries are bouncing back faster.

China and India have recovered smartly from the recession, for example. Brazil seems to be barreling ahead. Australia is growing faster than expected, prompting worry among government officials who fear they may have overstimulated the economy. The United States, meanwhile, is muddling through a weak, jobless recovery, and we have a lot of problems that could make prosperity feel elusive for a long time.

I still have the energy and interest to pursue business opportunities in China and I have had encouragement from my accountant and a respected business associate. My wife, who is Chinese from Dalian on the coast of the Yellow Sea, and I are having a good think about this.

We have lived there before and our financial fallback, my pension income paid in CDN $ looks pretty good at a conversion rate of $1 to 6.5 rmb, China’s currency. Rents for comfortable apts look ok, or about $700/month for a fully furnished 2 bedroom unit in a very good location in Dalian.

I am planning a move for next March or April.

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Written by BobG in Dalian & Vancouver

2009/10/26 at 16:23

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