Concerned about China’s worsening political climate and its economic repercussions, wealthy Chinese are accelerating the process of emigration and transferring of assets overseas. Henley & Partners, an investment immigration consultancy based in London, estimates that about 10,000 high-net-worth Chinese—with assets of more than $1 million each—will immigrate abroad in 2022. They will take with them…
China’s Wealthy Rush to Transfer Assets and Emigrate as Political and Economic Situation Worsens
Aftermaths of the Shanghai Lockdown Linger
June 23, 2022
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ChinaChina Business & Economychina decouplingchina foreign investmentChinese emigrationChinese Regimeshanghai lockdownzero-covid policy
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On June 1, Shanghai lifted its two-month-long Covid lockdown, declaring that work and production would resume, except in the “controlled areas” where residents still undergo regular nucleic acid testing. As a result of Beijing’s zero-Covid policy, some commentators believe that residents and businesses alike have reflected on the impact of the communist authority’s extreme measures…
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