Next China: The Covid Exodus
A pedestrian in front of fencing surrounding a residential neighborhood placed under lockdown due to Covid-19 in Shanghai on July 6.
China’s rich are fed up with Covid lockdowns and looking toward the exit. The big question is whether Beijing will let them go.
Investment migration consultancy Henley & Partners estimates 10,000 high-net-worth residents are seeking to leave the country this year and take assets worth $48 billion with them — the second-largest predicted wealth and people outflow for a country after Russia.