Economic Impact
Overseas Chinese are estimated to control 1.5 to 2 trillion USD in liquid assets and have considerable amounts of wealth to stimulate economic power in China. Overseas Chinese often send remittances back home to family members to help better them financially and socioeconomically. China ranks second after India of top remittance receiving countries in 2010 with over 51 billion USD sent.
Read more about this topic: Overseas Chinese
Famous quotes containing the words economic and/or impact:
“What exacerbates the strain in the working class is the absence of money to pay for services they need, economic insecurity, poor daycare, and lack of dignity and boredom in each partner’s job. What exacerbates it in upper-middle class is the instability of paid help and the enormous demands of the career system in which both partners become willing believers. But the tug between traditional and egalitarian models of marriage runs from top to bottom of the class ladder.”
—Arlie Hochschild (20th century)
“The question confronting the Church today is not any longer whether the man in the street can grasp a religious message, but how to employ the communications media so as to let him have the full impact of the Gospel message.”
—Pope John Paul II (b. 1920)