China really is the next superpower AND some Chinese are interested in having a lily pad outside China that they can hop to.
No conflict between these. Lots of Americans have second passports, including Peter Thiel.
No conflict between these. Lots of Americans have second passports, including Peter Thiel.
Thus, as with other countries that don't allow dual citizenship (e.g., Japan, India, Austria, Malaysia, Singapore) getting another nationality is probably a stronger exit signal.
Of course, most schemes start by giving permanent residency, which is different and sort of the best of both worlds.
My girlfriend and her family have Taiwanese, Chinese and US citizenship/passports though. Wonder how that works
The US allows dual citizenship: https://www.nolo.com/legal-encyclopedia/dual-citizenship-all...
> The United States will not ask naturalizing citizens to take any steps to formally renounce the citizenship of their home country. Nor will it stop U.S. citizens from later adopting citizenship in another country – though if their intention is to give up U.S. citizenship, they can certainly do so. You may continue to vote in your home country, if it allows it.
> All this does not mean that the U.S. will tolerate divided loyalties. Dual citizens must obey U.S. laws, uphold the U.S. Constitution, and in every other way adhere to the naturalization oath that they take. They are also required by the I.N.A. to carry their U.S. passport when leaving the U.S., and to present it upon reentry.
> I absolutely and entirely renounce and abjure all allegiance and fidelity to any foreign prince, potentate, state, or sovereignty of whom or which I have heretofore been a subject or citizen;...
They won't require you to formally tell the other country you are renouncing it, which is good enough for practical purposes, since most other countries don't allow you to renounce your citizenship simply by telling some US bureaucrat you renounce and abjure it.
No such restriction exists at least generally.
https://travel.state.gov/content/travel/en/legal/travel-lega...
Not everyone has an equal opportunity to make it big in China. If you care about freedom and a better future for your children, make money and move out!
It's also an easy vector for foreign states to become 'addicted' to investment money generated from their industrial base and I.P. 'borrowing.'