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mjtaylor

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Everything posted by mjtaylor

  1. Not exactly correct, a green-card holder is still a Chinese Citizen, only one with residency in the USA, they would not require canceling hukou if still a chinese Citizen. Only after naturalizing and becoming a US Citizen would they do so. Once my wife naturalized, she was required to send her Chinese Passport in with her American Passport when she applied for her first visit visa to China, at that point the canceled her Chinese Passport and probably canceled her hukou too. Yes, a green card holder is still a chinese citizen. Hukou is required by law to be cancelled within 30 days of acquiring another citizenship or permanent residence elsewhere. Hukou is not citizenship, hukou is residence. Pensions and benefits are based on residency, not on citizenship. A green card is seen the same as 迁户口. Upon renewing a passport, one must provide some sort of evidence that they have no naturalized elsewhere. You can enter China on a passport that has a green card sticker in it, but in order to leave again you will be required to present evidence of cancelling the hukou or giving up the green card. Ways around it, sure, but that's the law. Cancelling a hukou is not a permanent thing, and can be restored.
  2. 1. The US is not mute on dual citizenship. It simply does not recognize it and for any position that requires a security clearance, you must renounce the foreign citizenship. Entering on a second passport won't afford you any benefits, no real penalties or fines, but you will not be given consular rights. 2. YEP. 3. YEP 4. No, most of them are just enemies of Xi, this is not a corruption purge, it's a political purge 5. They can't do shit, but they definitely gather info from the airlines and they are now scanning passports and retaining data and stamps 6. YEP 7. They are most certainly requiring hukous to be nuked before you are allowed to leave the country. 8. This is more about encouraging spying and ratting each other out 9. There are reasons this is done, it becomes MUCH harder if you are not living in China though. 10. Oh, the system most certainly can check and verify that information. The IDs have RFID in them and are being scanned to bring up centralized records. Anything that requires it will soon be locked out... banking, hotels, city services, etc. 11. No chance for dual citizenship at all. The instant you leave China on a US green card you are flagged in the system now. Upon return you will be required to cancel hukou before you are allowed to leave.
  3. It's not nearly as rosy as you think it is. This applies to retirees who have already started to get their retirement pensions. For those who have not yet started it's really entirely up to the city that holds the hukou
  4. There's a lot of misinformation here. There are multiple policies in place and it relies entirely on the city as to what happens. There are 2 parts to the pension fund. The Company and the Personal contributions. ALL gains and interest are allocated to the company portion. The personal contribution is only what you personally put in and nothing else. Once you hit retirement, they draw first from the personal contribution. For most, this is pretty much nothing. Once exhausted, they move to the company portion for drawdown. Survivor benefits are based solely on the PERSONAL contribution balance. In otherwords, the large balance you see in the account is a lie. That money will never all come out. Here's where the problems lie. If you are already retired and drawing on it, and then give up citizenship.. no problem, you can keep taking it. But for many, if you have a foreign citizenship or even a green card already... they will cash you out on the personal and that's it. Nothing more. Furthermore, the "15 years" for vesting can be modified at any time. There is no grandfathering of laws in China. It's all just policy from on high. If it's a meager sum, then sure, roll the dice on it I guess, nothing to lose. But for those with good years of work left, cash it out asap and dump it into an IRA/401k or other retirement account. Medical care in China is horrid and pointless. The pensions are also rather meager. The pensions are also rife with fraud, already at a negative balance in most areas, vastly underfunded... it's only a matter of time before they "reform" the system and that assumes that the asshats in beijing will remain in power. Once they go, it's all gone anyways.
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