China's superrich are losing faith in the country's economy, with some even worried it will turn into the next Venezuela

From Business Insider:

• China's superrich are losing their faith in the country's financial future as fears around the impacts of slowing global trade and slowing economic liberalization cause worry.
• A new survey found that just over a third of China's superrich described themselves as "very confident" about the future of the Chinese economy. That's less than half the number who said the same two years ago.
• Some rich citizens are even scared that China could end up following the same path as the once prosperous Venezuela, according to The New York Times.

China's superrich are losing faith in the country's financial future amid fears around the impacts of slowing global trade and slowing economic liberalization. 

According to a paper published in January by Hurun Report, a Shanghai-based research firm, just over one-third of the superrich Chinese citizens in a survey described themselves as "very confident" about the future of the Chinese economy. 

On the surface, that seems like a solid number, but it is startling when compared with the same survey two years ago, which showed that nearly two-thirds were very confident in China's economic future. It is also the lowest number in the 15 years the survey has been produced, Hurun said.

The same survey from Hurun also found that the number of wealthy Chinese who had "no confidence at all" in China's economic future had doubled from last year's survey to 14%. 

Hurun's survey of 465 superrich Chinese citizens also found that almost half were considering emigrating or had already made moves to emigrate from China.... 

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