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Why Some Hong Kongers Are Leaving But Big Money Isn’t

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Hong Kong’s inhabitants fell 0.6% in 2020, the primary annual decline in 18 years, and anecdotal proof suggests departures have continued. Many head for the U.Okay., which opened a brand new pathway for residency and eventual citizenship for Hong Kong residents. Social media has been stuffed with photos of lengthy check-in strains and totally laden baggage carts for flights to London in an in any other case abandoned airport. Media experiences inform of a technology disillusioned with how the safety legislation has modified the previous British colony. Expats are additionally considering of relocating. Greater than 40% of members responding to a survey in Could by the American Chamber of Commerce in Hong Kong stated they may go away amid considerations in regards to the safety legislation in addition to the federal government’s dealing with of the Covid-19 pandemic, together with flight bans and prolonged, obligatory quarantines. Hong Kong officers have dismissed recommendations of a mind drain, saying that proficient mainlanders are ready to take the place — and jobs — of people that go away.

https://www.washingtonpost.com/enterprise/why-some-hong-kongers-are-leaving-but-big-money-isnt/2021/07/31/bc09fd62-f24a-11eb-81b2-9b7061a582d8_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | Why Some Hong Kongers Are Leaving However Huge Cash Isn’t

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