Pretty sure EB-5 is available for residents of many countries, not just China. Its use is completely legal.<p>Also the US is hardly alone in handing out visas and residency to rich folks. Money is just another "desireable attribute" that countries look for in heir immigrants, on top of the more common traits like education, professional experience, etc.
Nothing sells copy like another fearful article about rich Chinese "taking over" the USA. Americans only have to blame themselves for this one (although I don't think it's such a big deal) because they are trying to profit through some loophole. Isn't that the American way?
I guess the problem with rich chinese is that even tech people turn into a lower class when they compare. That and they buy every building they can contributing to the housing crisis.