Canada: China's New Gold Mountain

Last July, the Canadian government suspended its Federal Entrepreneur Program - essentially visas for cash - under the weight of tens of thousands of applications. Despite a provision requiring applicants to loan C$800,000 - the equivalent of US$784,450 - to the Canadian and its local governments for five years, and other criteria, the program crashed because of the numbers, significant totals of them Chinese, and apparently significant totals of them fleeing with ill-gotten funds.

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