Berliner Boersenzeitung - China's middle class looks to flee as Covid policies bite

EUR -
AED 4.102105
AFN 75.943776
ALL 98.559302
AMD 432.564919
ANG 2.012493
AOA 1053.718626
ARS 1078.246379
AUD 1.615995
AWG 2.013058
AZN 1.903018
BAM 1.956263
BBD 2.254705
BDT 133.431563
BGN 1.95567
BHD 0.420474
BIF 3227.592984
BMD 1.116814
BND 1.432422
BOB 7.716309
BRL 6.068661
BSD 1.116649
BTN 93.443216
BWP 14.597564
BYN 3.654164
BYR 21889.557957
BZD 2.250874
CAD 1.510324
CDF 3199.673034
CHF 0.93949
CLF 0.036393
CLP 1004.183913
CNY 7.830771
CNH 7.796932
COP 4662.174305
CRC 579.581211
CUC 1.116814
CUP 29.595576
CVE 110.844247
CZK 25.143401
DJF 198.480656
DKK 7.45943
DOP 67.511856
DZD 147.632829
EGP 53.951777
ERN 16.752213
ETB 133.128577
FJD 2.438568
FKP 0.85052
GBP 0.835251
GEL 3.038171
GGP 0.85052
GHS 17.612595
GIP 0.85052
GMD 76.506072
GNF 9640.902719
GTQ 8.637546
GYD 233.589897
HKD 8.679836
HNL 27.775602
HRK 7.593232
HTG 147.162717
HUF 397.072547
IDR 16891.646973
ILS 4.169519
IMP 0.85052
INR 93.498064
IQD 1463.026578
IRR 47023.461504
ISK 150.960204
JEP 0.85052
JMD 175.431498
JOD 0.791491
JPY 158.829409
KES 144.069421
KGS 94.039997
KHR 4539.850039
KMF 493.213107
KPW 1005.13213
KRW 1463.356082
KWD 0.34064
KYD 0.930595
KZT 535.615475
LAK 24662.053383
LBP 100066.551049
LKR 333.41887
LRD 216.410712
LSL 19.192495
LTL 3.297662
LVL 0.67555
LYD 5.294124
MAD 10.82556
MDL 19.447167
MGA 5082.621727
MKD 61.575479
MMK 3627.368897
MNT 3794.934539
MOP 8.941976
MRU 44.354319
MUR 51.318034
MVR 17.154688
MWK 1938.789804
MXN 21.993751
MYR 4.606902
MZN 71.336549
NAD 19.192495
NGN 1863.393714
NIO 41.102919
NOK 11.725475
NPR 149.506067
NZD 1.76137
OMR 0.429471
PAB 1.116634
PEN 4.187052
PGK 4.437666
PHP 62.551688
PKR 310.143432
PLN 4.278011
PYG 8716.061777
QAR 4.066042
RON 4.979097
RSD 117.161668
RUB 105.231058
RWF 1487.59649
SAR 4.189354
SBD 9.261119
SCR 14.79953
SDG 671.767835
SEK 11.271168
SGD 1.429415
SHP 0.85052
SLE 25.516192
SLL 23419.029236
SOS 637.701275
SRD 34.286758
STD 23115.798718
SVC 9.770311
SYP 2806.029064
SZL 19.192494
THB 36.151687
TJS 11.881355
TMT 3.90885
TND 3.394561
TOP 2.615695
TRY 38.161322
TTD 7.585372
TWD 35.28057
TZS 3048.90309
UAH 45.967974
UGX 4125.289807
USD 1.116814
UYU 46.821075
UZS 14225.424679
VEF 4045718.043587
VES 41.120607
VND 27484.797006
VUV 132.590423
WST 3.124246
XAF 656.162155
XAG 0.035308
XAU 0.000421
XCD 3.018247
XDR 0.826043
XOF 657.249161
XPF 119.331742
YER 279.566552
ZAR 19.114316
ZMK 10052.671816
ZMW 29.530836
ZWL 359.613711
  • RBGPF

    64.7500

    64.75

    +100%

  • SCS

    0.0400

    13.25

    +0.3%

  • GSK

    -0.1900

    40.71

    -0.47%

  • AZN

    -0.5600

    77.62

    -0.72%

  • CMSC

    0.0300

    25.14

    +0.12%

  • RELX

    -0.5300

    47.56

    -1.11%

  • CMSD

    -0.0300

    25.08

    -0.12%

  • BTI

    -0.2369

    36.84

    -0.64%

  • NGG

    -0.3300

    69.73

    -0.47%

  • BCE

    0.3600

    35.19

    +1.02%

  • BP

    0.6300

    31.42

    +2.01%

  • RIO

    0.4800

    71.23

    +0.67%

  • BCC

    1.1800

    141.49

    +0.83%

  • VOD

    0.0500

    10.09

    +0.5%

  • RYCEF

    0.0100

    7.05

    +0.14%

  • JRI

    0.1200

    13.58

    +0.88%

China's middle class looks to flee as Covid policies bite
China's middle class looks to flee as Covid policies bite / Photo: Jade GAO - AFP

China's middle class looks to flee as Covid policies bite

Alan Li no longer sees any future for his family in China after harsh Covid rules decimated his business, upended his son's education and left his country out of step with the rest of the world.

Text size:

He has given up hope of a return to normal after months of lockdowns in Shanghai, and now plans to close his firm and move to Hungary, where he sees better opportunities and his 13-year-old son can attend an international school.

"Our losses this year mean that it's over for us," he told AFP wearily, asking to withhold his real name.

"We have been using our own cash savings to pay 400 workers (during the lockdown). What if it happens again this winter?"

Shanghai's long shutdown, which brought food shortages and protests, has driven some to reconsider staying in a country where livelihoods and lifestyles can vanish at the whim of the state.

Schools have been closed and exams called off, including assessments for applying to American universities.

Li is frustrated that his son's expensive bilingual schooling has been mostly online for two years, and he is anxious about the way Beijing has tightened oversight of the curriculum.

"This is a waste of our children's youth," Li said.

Being fairly well off, he has been able to take advantage of a European investment scheme that grants him and his family residency in Budapest.

"Many people know that if they sold all their assets they could 'lie flat' in a European country," he said, using a slang phrase meaning to take it easy.

Beijing-based immigration consultant Guo Shize told AFP his company has seen an explosion of enquiries since March, including a threefold increase in Shanghai clients.

Even after the lockdown eased, requests continued flooding in at more than double the usual level.

"Once that spark has been lit in people's minds, it doesn't die down quickly," he said.

- Exit ban -

Censors have sought to suppress discussion of emigration, prompting nimble internet users to adopt the term "run" instead.

Searches for the term on messaging app WeChat peaked during Shanghai's shutdown.

But as more people consider ways to leave, Beijing has doubled down on strict exit policies for Chinese citizens.

All "unnecessary" travel out of the country has been banned. Passport renewals have been all but halted, with authorities blaming the risk of Covid being carried into the country.

In the first half of 2021, immigration authorities issued only two percent of the passports given out in the same period in 2019.

One woman who emigrated to Germany told AFP she receives dozens of messages from Chinese people looking for tips on escaping.

Emily, who did not want to use her real name, tried to help a relative obtain a new passport to take up a job in Europe, but the application was denied.

"It's like being a child who wants to go to their friend's house to play but their parents won't let them leave," she said, adding that she has heard of passports being sold for up to 30,000 yuan ($4,500) on the black market.

- 'Absolutely insane' -

A Chinese freelancer told AFP he was turned back by immigration officers while attempting to fly to Turkey for work last October, despite having already checked in.

"My itinerary sounded too suspicious to them. They took my passport into an office and 15 minutes later told me I do not meet the requirements" for leaving, he said on condition of anonymity. "It was absolutely insane."

He managed to leave weeks later by entering semi-autonomous Macau on a different travel document, before catching an onward flight.

Some are disillusioned with Beijing's growing controls, which have been ramped up during the pandemic.

"I just want to live in a country where the government won't crudely interfere in my personal life," said Lucy, a 20-year-old student at an elite Beijing university involved in LGBTQ and Marxist activism.

The virus policies had "allowed the government to control and monitor everything", she said.

"Perhaps rather than accepting and adapting to this system, we must go elsewhere and create a new life."

(K.Lüdke--BBZ)