AOL.com Video - Why Wealthy Chinese Are Giving Up American Green Cards

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Why Wealthy Chinese Are Giving Up American Green Cards

Description:An American passport can be a costly accessory-with U.S. citizenship come U.S. taxes. The WSJ's Wei Gu explains why some wealthy Chinese are instead taking advantage of offers to become citizens of cash-strapped European countries and wealthy Asian cities. (3:29)

Source: WSJLive

Tags: chinese expats , chinese foreign passports , giving up american greencards , green cards