N.C. Aizenman, Immigrants invest in U.S. businesses in exchange for visas.
Washington Post, Jan. 10, 2010 (available now)
http://www.washingtonpost.com/wp-dyn/content/article/2010/01/09/AR2010010901056.html?sub=AR
Quote:
EB-5 applications "roughly tripled in the past fiscal year
"With so many more investment opportunities to choose from, the number of
immigrants (including investors and their immediate family members) who
obtained EB-5 visas jumped from 1,443 in fiscal 2008 to 4,218 in the 2009
fiscal year that ended Sept. 30, according to the State Department. Most
were granted to people from Asia, particularly China and South Korea.
Several scholars said they expect the number to double again this year.
My comment:
(a) This, I guess, reflect, sinking economy of US or depreciation of
dollar. But the latter started early last year, which therefore cannot
explain the spike of fiscal 2008.
(b) A few days ago, when Voice of America Chinese edition commented on Chinese reports that many Chinese jumped at the opportunity, I was unperturbed. I am pro-business.