You can't ignore the impact of China also becoming a better place to live as well. China is a different place no than it was 20 years ago, and the need to go overseas anywhere is probably felt less today than back then.
You can't ignore the impact of China also becoming a better place to live as well. China is a different place no than it was 20 years ago, and the need to go overseas anywhere is probably felt less today than back then.
Salaries are still very low (like 10x lower) compared to the US.
PPP is what matters financially, add on ethnic homogeny and familial presence in a culture that values both and staying becomes a lot more compelling.