Investors

Bankers Reportedly Seek to Flee Shanghai amid Lockdown

The city of Shanghai is in danger of losing its status as a financial hub, as international bankers and traders consider fleeing the city to escape its brutal coronavirus lockdown – and the perpetual threat of further lockdowns imposed without notice under China’s “dynamic zero-Covid” policies.

Health workers in protective gear walk out from a blocked off area after spraying disinfectant in Shanghai's Huangpu district on January 27, 2021, after residents were evacuated following the detection of a few cases of COVID-19 coronavirus in the neighbourhood. (Photo by STR / AFP) / China OUT (Photo by …