Australia closed the “golden visa” program aimed at the rich, raising concerns about the use of such visas for political purposes.
Australia’s “Golden Visa” Immigration Program Scrapped
Australia has revoked its “golden visa” immigration program aimed at attracting wealthy investors, reducing the options for China’s rich to escape the political and economic climate at home. The Labor government plans to eliminate the program, citing its failure to benefit the economy. The program will be replaced by a new plan to provide more visas for skilled immigrants.
China’s Rich – Tools of CCP Infiltration
Critics argue that the program had created a fast track for China’s wealthy to immigrate and served as a conduit for corrupt officials to “move illicit funds.” Some believe wealthy Chinese immigrants acted as tools for the Chinese Communist Party’s (CCP) infiltration, leading to Australia closing the program and other countries following suit.
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