Fleeing Xi's 'China Dream': The great exodus of people and capital
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Xi Jinping introduced the 'China Dream' 11 years ago; since late 2022, the number of Chinese emigrating has increased significantly; private capital is also leaving China through various means; the trend reflects disillusionment with Xi's vision due to economic decline and political repression; the term '跑路' (to run away) has gained popularity; the COVID pandemic and U.S. tensions have exacerbated the situation; Lynette Ong, a professor at the University of Toronto, highlights these issues.

#China #XiJinping #Migration #CapitalFlight #Covid19 #Politics #Economy #Disillusionment #Emigration #SocialDiscourse

https://asia.nikkei.com/Opinion/Fleeing-Xi-s-China-Dream-The-great-exodus-of-people-and-capital