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China’s Wealthy Elite Are Fleeing The Country Thanks To CCP’s ‘Zero-COVID’ Policy
Many of China’s wealthiest citizens have increasingly sought to emigrate from the country in recent months as the Chinese Communist Party (CCP) has instituted some of the world’s strictest lockdowns as part of its “Zero-COVID” policy.
Roughly 13,000 high net worth individuals plan to leave China and Hong Kong within the next year and are poised to bring roughly $60 billion in total assets with them, according to a report from investment migration consultancy firm Henley & Partners. The large-scale exodus comes partly as a result of Chinese President Xi Jinping’s particularly aggressive “zero-COVID” policy, according to Fortune, in which regions with elevated positivity rates have been placed under strict lockdowns that have led to food shortages and riots and COVID patients have been forced to wear electronic monitoring ankle bracelets.
Roughly 13,000 high net worth individuals plan to leave China and Hong Kong within the next year and are poised to bring roughly $60 billion in total assets with them,
Patrick says
Roughly 13,000 high net worth individuals plan to leave China and Hong Kong within the next year and are poised to bring roughly $60 billion in total assets with them,
I smell a rat. More likely that $60 is a diaspora to buy up assets in the West for future control. If the CCP did not want high net worth people to leave, it would confiscate their assets.
Patrick says
Roughly 13,000 high net worth individuals plan to leave China and Hong Kong within the next year and are poised to bring roughly $60 billion in total assets with them,
I smell a rat. More likely that $60 is a diaspora to buy up assets in the West for future control. If the CCP did not want high net worth people to leave, it would confiscate their assets.
John LeFevre
@JohnLeFevre
Aug 25
Tencent employees in Shenzhen fleeing after an employee tests positive for Covid and a full lockdown is announced.
This is why I don’t worry about China taking over the world. They are < a decade away from total unrest - 1 billion have-nots storming the streets.
Three Gorges Dam will likely fail catastrophically at some point in the near future. I wonder if that will be the CCP death nell
Three Gorges Dam will likely fail catastrophically at some point in the near future.
Ceffer says
Three Gorges Dam will likely fail catastrophically at some point in the near future.
What makes you say that?
Bernie's Tweets
@BernieSpofforth
Sep 6
CHINA - Numerous reports coming through of citizens having to sleep on the streets in Shenzhen because they missed PCR tests and QR codes showing red, prevented them from entering their apartment.
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People aren't allowed to visit stores, and delivery services are often sold out there.
So people have been trying to by bulk straight from suppliers, then bartering with neighbors.
People in Shanghai took desperate measures to avoid going hungry as a sweeping lockdown confined millions of people to their homes amid dwindling supplies.
The Chinese city of 26 million has been hit by intermittent shortages during the lockdown, which began on March 28 but has been extended.
The lockdown, much harsher than those seen in Europe or North America, precluded people from leaving their homes to buy groceries, and left delivery services unable to cope.
The government in Shanghai made some efforts to give people food directly, but many found the deliveries were unreliable or insufficient.
Officials said the lockdown would ease on April 5, but it was then extended indefinitely, exacerbating food supply problems, The Guardian reported.
The city has seen record numbers of cases in its latest Omicron wave, after having largely avoided the pandemic through most of 2020 and 2021. Monday was the 10th straight day of record new case numbers, according to the South China Morning Post.
https://www.businessinsider.com/shanghai-covid-lockdown-bulk-buy-censorship-china-2022-4?source=patrick.net