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…
Aftermaths of the Shanghai Lockdown Linger
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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