Yacht people

Encyclopedia : Y : YA : YAC : Yacht people

Yacht people is a slang term for the wealthy residents of Hong Kong who fled the city in the 1980s and 1990s, prior to the city's return to communist China in 1997. The term is a deliberate contrast to the poor "boat people" who fled southeast Asia (most notably Vietnam) in the 1970s. The most popular destination for the yacht people was Vancouver, Canada.

This term has also been used for rich Kuwaiti who fled their country upon the Iraqi invasion.

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