Among countries with the highest number of overseas Chinese on each continent, the largest Chinese diaspora community is living in Indonesia, numbering more than ten million people. Most of these people are descendants from migrants born in China, who have moved to Indonesia a long time ago. On the contrary, a large part of overseas Chinese living in Canada and Australia have arrived in these countries only during the last two decades. China as an emigration country Many Chinese people have emigrated from their home country in search of better living conditions and educational chances. The increasing number of Chinese emigrants has benefited from loosened migration policies. On the one hand, the attitude of the Chinese government towards emigration has changed significantly. Overseas Chinese are considered to be strong supporters for the overall strength of Chinese culture and international influence. On the other hand, migration policies in the United States and Canada are changing with time, expanding migration opportunities for non-European immigrants. As a result, China has become one of the world’s largest emigration countries as well as the country with the highest outflows of high net worth individuals. However, the mass emigration is causing a severe loss of homegrown talents and assets. The problem of talent and wealth outflow has raised pressing questions to the Chinese government, and a solution to this issue is yet to be determined. Popular destinations among Chinese emigrants Over the last decades, English speaking developed countries have been popular destinations for Chinese emigrants. In 2022 alone, the number of people from China naturalized as U.S. citizens had amounted to over 27,000 people, while nearly 68,000 had obtained legal permanent resident status as “green card” recipients. Among other popular immigration destinations for Chinese riches are Canada, Australia, Europe, and Singapore.

As of 2022, the European country with the most citizens of the People's Republic of China was Italy, with around 300,000 people. Spain also hosted a substantial number of Chinese nationals at roughly 193,000 people. These figures are likely to underestimate the number of people who were born in China or are of Chinese ancestry, as many of these immigrants receive the citizenship of the European country which they migrated to after living there for a period of time, and the People's Republic of China does not allow its citizens to hold dual citizenship.

In 2021, the number of Chinese workers in Algeria was the highest compared to other countries in Africa. The North African country registered around 10,000 Chinese employees, followed by the Democratic Republic of Congo and Nigeria with approximately 8,700 and 8,300 workers, respectively. On the other hand, countries such as Libya and Somalia reported very low counts of the Chinese labor force. Overall, near 94,000 people of Chinese nationality worked under contracted projects and in labor services in the African region in 2021.

This graph shows the population distribution of overseas Chinese people as of December 2013 and 2023, by continent, according to official Taiwanese sources. In 2023, almost 70 percent of people of Chinese birth or descent living overseas were living in other Asian countries. As the figures include not only first generation migrants, but also their descendants, the distribution varies considerably from figures published by the UN, which only include first generation migrants.

According to latest figures, the Chinese population decreased by 1.39 million to around 1.408 billion people in 2024. After decades of rapid growth, China arrived at the turning point of its demographic development in 2022, which was earlier than expected. The annual population decrease is estimated to remain at moderate levels until around 2030 but to accelerate thereafter. Population development in China China had for a long time been the country with the largest population worldwide, but according to UN estimates, it has been overtaken by India in 2023. As the population in India is still growing, the country is very likely to remain being home of the largest population on earth in the near future. Due to several mechanisms put into place by the Chinese government as well as changing circumstances in the working and social environment of the Chinese people, population growth has subsided over the past decades, displaying an annual population growth rate of -0.1 percent in 2024. Nevertheless, compared to the world population in total, China held a share of about 17 percent of the overall global population in 2024. China's aging population In terms of demographic developments, the birth control efforts of the Chinese government had considerable effects on the demographic pyramid in China. Upon closer examination of the age distribution, a clear trend of an aging population becomes visible. In order to curb the negative effects of an aging population, the Chinese government abolished the one-child policy in 2015, which had been in effect since 1979, and introduced a three-child policy in May 2021. However, many Chinese parents nowadays are reluctant to have a second or third child, as is the case in most of the developed countries in the world. The number of births in China varied in the years following the abolishment of the one-child policy, but did not increase considerably. Among the reasons most prominent for parents not having more children are the rising living costs and costs for child care, growing work pressure, a growing trend towards self-realization and individualism, and changing social behaviors.

In 2024, there were around 719 million male inhabitants and 689 million female inhabitants living in China, amounting to around 1.41 billion people in total. China's total population decreased for the first time in decades in 2022, and population decline is expected to accelerate in the upcoming years. Birth control in China From the beginning of the 1970s on, having many children was no longer encouraged in mainland China. The one-child policy was then introduced in 1979 to control the total size of the Chinese population. According to the one-child policy, a married couple was only allowed to have one child. With the time, modifications were added to the policy, for example parents living in rural areas were allowed to have a second child if the first was a daughter, and most ethnic minorities were excepted from the policy. Population ageing The birth control led to a decreasing birth rate in China and a more skewed gender ratio of new births due to boy preference. Since the negative economic and social effects of an aging population were more and more felt in China, the one-child policy was considered an obstacle for the country’s further economic development. Since 2014, the one-child policy has been gradually relaxed and fully eliminated at the end of 2015. However, many young Chinese people are not willing to have more children due to high costs of raising a child, especially in urban areas.

China net migration for 2024 was -318,992.00, a 43.81% decline from 2023.

<ul style='margin-top:20px;'>

<li>China net migration for 2023 was <strong>-567,724.00</strong>, a <strong>93.2% increase</strong> from 2022.</li>
<li>China net migration for 2022 was <strong>-293,846.00</strong>, a <strong>22.62% decline</strong> from 2021.</li>
<li>China net migration for 2021 was <strong>-379,749.00</strong>, a <strong>314.68% increase</strong> from 2020.</li>
</ul>Net migration is the net total of migrants during the period, that is, the total number of immigrants less the annual number of emigrants, including both citizens and noncitizens. Data are five-year estimates.

China Proportion of People Living Below 50 Percent Of Median Income: % data was reported at 11.600 % in 2021. This records a decrease from the previous number of 11.900 % for 2020. China Proportion of People Living Below 50 Percent Of Median Income: % data is updated yearly, averaging 15.100 % from Dec 1990 (Median) to 2021, with 19 observations. The data reached an all-time high of 19.500 % in 2010 and a record low of 8.900 % in 1990. China Proportion of People Living Below 50 Percent Of Median Income: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s China – Table CN.World Bank.WDI: Social: Poverty and Inequality. The percentage of people in the population who live in households whose per capita income or consumption is below half of the median income or consumption per capita. The median is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries, medians are not reported due to grouped and/or confidential data. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

The number of Chinese students going abroad for study reached ******* in 2024, roughly the same figure as in 2019. The number of students going overseas had fallen to only 451,000 in 2020 due to the Coronavirus pandemic and it took four years to recover to the previous level again. Motivations for overseas study In China, some of the best universities are public universities which get most of their support from the government. Although the number of institutions for higher education and students enrolled in universities inside China have increased significantly in the last few years, the pathways to gaining admission to good universities are still limited. For most people, the national exam “Gaokao” remains the only way to enter a good public university. Therefore, there are students studying abroad to avoid the national exam and to gain admission to a better ranked university. For some study programs, overseas institutions are better equipped and can provide more international academic environment. These qualities attract a lot of Chinese scholars. People who have studied abroad are considered to have a global insight and better language skills, which makes them more competitive in China’s recruitment market. Financing for overseas study Developed countries and regions are still the most popular destinations for Chinese students studying abroad. In some countries, Chinese students have already become an important funding source for their local universities. English-speaking countries including the United States, the United Kingdom and Australia are the leading destinations among them. The United States have since long attracted the largest share of Chinese students, but in recent years more and more Chinese students preferred to study in the United Kingdom instead. However, since students studying abroad are not all from extremely wealthy families, non-English speaking countries where the universities charge less in tuition fees are becoming increasingly popular. While most students from China were self-funded, relying on their parents' support, the number of students who were state scholarship recipients had been increasing over the years.

The graph shows the population growth in China from 2000 to 2024. In 2024, the Chinese population decreased by about 0.1 percent or 1.39 million to around 1.408 billion people. Declining population growth in China Due to strict birth control measures by the Chinese government as well as changing family and work situations of the Chinese people, population growth has subsided over the past decades. Although the gradual abolition of the one-child policy from 2014 on led to temporarily higher birth figures, growth rates further decreased in recent years. As of 2024, leading countries in population growth could almost exclusively be found on the African continent and the Arabian Peninsula. Nevertheless, as of mid 2024, Asia ranked first by a wide margin among the continents in terms of absolute population. Future development of Chinese population The Chinese population reached a maximum of 1,412.6 million people in 2021 but decreased by 850,000 in 2022 and another 2.08 million in 2023. Until 2022, China had still ranked the world’s most populous country, but it was overtaken by India in 2023. Apart from the population decrease, a clear growth trend in Chinese cities is visible. By 2024, around 67 percent of Chinese people lived in urban areas, compared to merely 36 percent in 2000.

China's total Imports in 2024 were valued at US$2.59 Trillion, according to the United Nations COMTRADE database on international trade. China's main import partners were: South Korea, the United States and Japan. The top three import commodities were: Electrical, electronic equipment; Mineral fuels, oils, distillation products and Ores slag and ash. Total Exports were valued at US$3.58 Trillion. In 2024, China had a trade surplus of US$991.41 Billion.

In 2020, citizens of Chinese descent made up ** percent of Singapore's population, by far the highest share across ASEAN countries. Malaysia followed, with around ** percent of the country's citizens being of Chinese descent.

China's total Exports in 2024 were valued at US$3.58 Trillion, according to the United Nations COMTRADE database on international trade. China's main export partners were: the United States, Hong Kong and Vietnam. The top three export commodities were: Electrical, electronic equipment; Machinery, nuclear reactors, boilers and Vehicles other than railway, tramway. Total Imports were valued at US$2.59 Trillion. In 2024, China had a trade surplus of US$991.41 Billion.

In 2024, the mortality rate in China ranged at approximately 7.76 deaths per 1,000 inhabitants. The mortality rate in China displayed an uneven development over the last two decades. This is mainly related to the very uneven sizes of Chinese age groups, improvements in health care, and the occurrence of epidemics. However, an overall growing trend is undisputable and related to China's aging population. As the share of the population aged 60 and above will be growing significantly over the upcoming two decades, the mortality rate will further increase in the years ahead. Population in China China was the second most populous country in the world in 2024. However, due to several mechanisms put into place by the Chinese government as well as changing circumstances in the working and social environment of the Chinese people, population growth has subsided over the past decades and finally turned negative in 2022. The major factor for this development was a set of policies introduced by the Chinese government in 1979, including the so-called one-child policy, which was intended to improve people’s living standards by limiting the population growth. However, with the decreasing birth rate and slower population growth, China nowadays is facing the problems of a rapidly aging population. Birth control in China According to the one-child policy, a married couple was only allowed to have one child. Only under certain circumstances were parents allowed to have a second child. As the performance of family control had long been related to the assessment of local government’s achievements, violations of the rule were severely punished. The birth control in China led to a decreasing birth rate and a more skewed gender ratio of new births due to a widely preference for male children in the Chinese society. Nowadays, since China’s population is aging rapidly, the one-child policy has been re-considered as an obstacle for the country’s further economic development. Since 2014, the one-child policy has been gradually relaxed and fully eliminated at the end of 2015. In May 2021, a new three-child policy has been introduced. However, many young Chinese people today are not willing to have more children due to high costs of raising a child, especially in urban areas.

Figure 3 depicts China-Africa trade from 2000 to 2013. It shows that China-Africa trade consistently grew since the formation of the FOCAC in 2000. As can be seen in the figure, the US trade with Africa declined after the 2008 global financial crisis, allowing China to take the lead as Africa's largest trading partner. Figure 7 shows trade between China and Africa from 2003 to 2021. Although with fluctuations, trade between the two sides has been increasing since the establishment of the FOCAC mechanism. It reached a first high of US$203 billion in 2015 and then declined significantly the following year. However, the trade increased again from 2017 and surged to US$254 billion in 2021, up by 35% from the previous year. The high trade volume in 2021 has been attributed to the additional Chinese exports of Personal Protective Equipment (PPEs), such as masks and hazmat suits, as well as pharmaceutical products and testing equipment for the COVID-19 pandemic to Africa. However, Gu et al (2022: 11) indicated that the strong increase in China-Africa trade volume in 2021 is remarkable as data from China's customs agency shows that it is "made up of an increase in both Chinese exports to Africa (29.9% year-on-year) and African exports to China (43.7% year-on-year)". Figure 4 shows the number of countries around the world that have joined China's Belt and Road Initiatiative (BRI). As can be seen in the figure, China's BRI has attracted more than 140 countries. In Africa, the first countries that signed up for the BRI project were East and North African countries such as Kenya, Djibouti, Tanzania and Egypt. In Figure 5, the map shows the number of African countries that have signed up for the BRI since 2015. As can be seen in the figure, 52 countries in Africa had signed some BRI-related Memorandum of Understanding (MoU) with China by 2022.

Table 1 shows that studies that analysed the China-Africa relationship focusing on their 'strategic partnership' are very few, given the voluminous literature on China and Africa. A search of Sino-Africa studies conducted in English with the term 'strategic partnership' in their titles produced only ten papers (see table). Furthermore, as the table shows, studies investigating the increased security cooperation in China-Africa relations conducted in English are rare, although this part of the debate has also produced numerous research publications. The column titled 'Focus of study' in Table 1 above shows that majority of these studies concentrated on analysing economic cooperation, while a few also included political relations between China and Africa. Also, the column titled 'Definition of strategic partnership' shows that, all these studies, except Akpan and Onya (2018), made no attempts to define the concept of strategic partnership. Figure 8 shows the countries around the world in which the United Nations (UN) has deployed its peacekeepers. As shown in the figure, the UN has deployed several peacekeeping missions around the world since the late 1940s, with most of these operations taking place in the African continent. Figure 9 focuses on the UN’s peacekeeping operations in Africa. As can be seen in the figure, Chinese peacekeeping troops were deployed in five out of the seven UN-led missions on the African continent as of 2019. Figure 12 shows the foreign military bases that currently exist in African countries. As the figure shows, the African Continent is a host to 47 known foreign military bases, of which 34 are United States (US) bases. Figure 13 shows the foreign military bases in Djibouti. As seen in the figure, Djibouti hosts the US' Camp Lemonnier military base, just 13.4 kilometres away from the Chinese PLA's new navy facility, along with military bases of other major powers such as France, Germany and Japan in close proximity. Djibouti thus found itself in the middle of diplomatic tensions between China and the US over fears of a Chinese takeover of the Doraleh Container Terminal, Djibouti's main container port, in 2018, as China financed the development of the port. Figure 6 shows China's Forum on China-Africa Cooperation (FOCAC) commitments from 2006 to 2021. As can be seen in the figure, China's financial pledges to assist Africa increased from US$5 billion to US$60 in 2015. However, they dropped to US$40 billion in 2021. Further, drops in the number of activities, such as official development assistance (ODAs) and capacity building, including reductions in security collaborations, were also noted. However, a new development was China's reallocation of US$10 billion of its Special Drawing Rights (SDRs) towards Africa from the US$40 billion that it received from the International Monetary Fund (IMF).

Number of Immigrants: Mainland Chinese data was reported at 46,971.000 Person in 2017. This records a decrease from the previous number of 57,387.000 Person for 2016. Number of Immigrants: Mainland Chinese data is updated yearly, averaging 45,610.000 Person from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 61,179.000 Person in 1996 and a record low of 26,800.000 Person in 1991. Number of Immigrants: Mainland Chinese data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.G010: Population: Foreign Population.

In 2024, the average number of children born per 1,000 people in China ranged at ****. The birth rate has dropped considerably since 2016, and the number of births fell below the number of deaths in 2022 for the first time in decades, leading to a negative population growth rate. Recent development of the birth rate Similar to most East-Asian countries and territories, demographics in China today are characterized by a very low fertility rate. As low fertility in the long-term limits economic growth and leads to heavy strains on the pension and health systems, the Chinese government decided to support childbirth by gradually relaxing strict birth control measures, that had been in place for three decades. However, the effect of this policy change was considerably smaller than expected. The birth rate increased from **** births per 1,000 inhabitants in 2010 to ***** births in 2012 and remained on a higher level for a couple of years, but then dropped again to a new low in 2018. This illustrates that other factors constrain the number of births today. These factors are most probably similar to those experienced in other developed countries as well: women preferring career opportunities over maternity, high costs for bringing up children, and changed social norms, to name only the most important ones. Future demographic prospects Between 2020 and 2023, the birth rate in China dropped to formerly unknown lows, most probably influenced by the coronavirus pandemic. As all COVID-19 restrictions were lifted by the end of 2022, births figures showed a catch-up effect in 2024. However, the scope of the rebound might be limited. A population breakdown by five-year age groups indicates that the drop in the number of births is also related to a shrinking number of people with child-bearing age. The age groups between 15 and 29 years today are considerably smaller than those between 30 and 44, leaving less space for the birth rate to increase. This effect is exacerbated by a considerable gender gap within younger age groups in China, with the number of females being much lower than that of males.

China boasts the fastest growing GDP of all developed nations. Neighboring regions will have the largest middle class in history. China is building transport infrastructure to take advantage. Companies that capture market share in this region will be the largest and best performing over the next decade.

Macro Tailwinds

1) China GDP is the fastest growing of any major country with expected 5-6% over the next decade. If businesses (Alibaba, Tencent, etc..) maintain flat market share, that alone will drive 5-6% over the next decade. This is already higher than JP Morgans expectation (from their 13f filings) that the US market will perform between -5% and +5% over this coming decade.

2) The Southeast Asia Region contains about 5 billion people. China is constructing the One Best One Road which will be completed by 2030. This will grant their businesses access to the fastest and largest growing middle class in human history. Over the next 10+ years this region will be home to the largest middle class in history, potentially over 10x that of North America and Europe, based on stock price in Google Sheets.

Increasing average Chinese income.

Chinese average income has more than doubled over the last decade. Having sustained the least economic damage from the virus, this trend is expected to continue. At this pace the average Chinese citizen salary will be at 50% of the average US by 2030 (with stock price in Excel provided by Finsheet via Finnhub Stock Api), with the difference being there are 4x more Chinese. Thus a market potential of almost 2x the US over the next decade.

The Southeast Asia Region now contains the largest total number of billionaires, this number is expected to increase at an increasing rate as the region continues to develop. Over the next 10 years the largest trading route ever assembled will be completed, and China will be the primary provider of goods to 5b+ people

2013 North America was home to the largest number of billionaires. This reversed with Asia over the following 5 years. This separation is expected to continue at an increasing rate. Why does this matter? Over the next 10 years the largest trading route ever assembled will be completed, and China will be the primary provider of goods to 5b+ people

Companies that can easily access all customers in the world will perform best. This is good news for Apple, Microsoft, and Disney. Disney stock price in Excel right now is $70. But not for Amazon or Google which at first may sound contrary as the expectation is that Amazon "will take over the world". However one cannot do that without first conquering China. Firms like Alibaba and Tencent will have easy access to the global infrastructure being built by China in an attempt to speed up and ease trade in that region. The following guide shows how to get stock price in Excel.

We will explore companies using a:

1) Past

2) Present (including financial statements)

3) Future

4) Story/Tailwind

Method to find investing ideas in these regions. The tailwind is currently largest in the Asia region with 6%+ GDP growth according to the latest SEC form 4 from Edgar Company Search. This is relevant as investments in this region have a greater margin of safety; investing in a company that maintains flat market share should increase about 6% per year as the market growth size is so significant. The next article I will explore Alibaba (NYSE: BABA), and why I recently purchased a large position during the recent Ant Financial Crisis.

In 2023, the United States was the country worldwide with the highest total contribution of travel and tourism to GDP. That year, the total GDP contribution of travel and tourism in the U.S. amounted to 2.36 trillion U.S. dollars, exceeding pre-pandemic levels. China and Germany followed in the ranking in 2023, with travel and tourism's total contributions to GDP of around 1.3 trillion and 488 billion U.S. dollars, respectively. Overall, the total contribution of travel and tourism to GDP worldwide reached almost 10 trillion U.S. dollars in 2023. What are the most visited countries worldwide? While the U.S. and China reported the highest figures in terms of travel and tourism contribution to GDP in 2023, it was a European destination that led the ranking of countries with the highest number of inbound tourist arrivals worldwide. With 100 million international arrivals in 2023, France was the most visited travel destination in the world that year, ahead of Spain, the United States, and Italy. How many people work in the global travel and tourism sector? After declining sharply due to the impact of COVID-19, the number of travel and tourism jobs worldwide bounced back in 2023, reaching around 330 million, nearly catching up with pre-pandemic levels. That year, China and India were the countries with the highest travel and tourism employment worldwide.

In 2025, around *** million Chinese tourists took a domestic trip during the Chinese New Year holiday in January and February. This showed an almost *** percent increase in the number of travelers compared to the previous year.The new year wanderlust Lunar New Year in China is a time when families gather to relax and celebrate in their hometown. In the last few years before the COVID-19 pandemic, a new trend of “going out to see the world” has emerged among Chinese consumers. Instead of visiting relatives and friends, more people are eager to explore new places and experience new cultural thrills. Part of the growth is attributed to a rising disposable income, along with rapid economic progression in the country. In 2023, China’s GDP per capita amounted to nearly ****** U.S. dollars, more than a double in a decade. The travel bucket list Sightseeing in Chinese cities is particularly popular during the Spring Festival holiday. The most sought-after options include the warm southern cities, as well as northern snow and ice destinations. Before the pandemic, Sanya and Yunnan were the leading domestic destinations among Chinese high-end travelers during the season. When it comes to outbound travel, New Zealand, Vietnam, and Philippines were the Chinese tourist hot spots, mainly attributed to the warmer weather in these countries.