In an analogous trend, migration flows of overseas Chinese have moved to North America, notably New York (680,000), San Francisco (590,000), Toronto (540,000), Los Angeles (470,000) and Vancouver (440,000). In a smaller manner, overseas Chinese have additionally settled in Australia - Sydney (165,000) and Melbourne (150,000) - and in UK/Europe, for instance in London (125,000) and Paris (165,000). Smaller UK cities, resembling Manchester, have important pockets of Chinese, as evidenced by the fact that the Bank of East Asia (a Hong Kong bank) has constructed a protected deposit vault in the city. An enormous query is whether the pattern of international migration will change as both China and India catch up with the developed world by way of per capita earnings and economic growth. Despite the various migrants who have moved to North America, Europe and the Middle East, the actual fact is that the overwhelming majority of the world’s 50 million overseas Chinese already reside in Asian cities, specifically Bangkok (4.4 million), Singapore (3.9 million), Kuala Lumpur (1.Eight million) and Jakarta (1.6 million). However, even these statistics pale into insignificance compared with the inhabitants of China and India, together comprising nearly 40% of the world’s inhabitants. With China’s new concentrate on stimulating consumer demand from its 1.Four billion people and with India experiencing economic resurgence for its 1.Three billion individuals, it can be a surprise if these two giants did not substantially enhance the global population of safe deposit boxes. With a substantial potential market of affluent shoppers mixed with their propensity to buy gold and jewellery, the way forward for the protected deposit field could possibly be secure for one more one hundred fifty years.
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