HONG KONG, Oct 31 — Hong Kong’s decision to descend deeper into international coronavirus isolation as rivals reopen is causing consternation among managers at multinationals who see no end to a zero-Covid strategy imposed by a leadership beholden to Beijing. The southern Chinese business hub...
HONG KONG, Oct 31 — Hong Kong’s decision to descend deeper into international coronavirus isolation as rivals reopen is causing consternation among managers at multinationals who see no end to a zero-Covid strategy imposed by a leadership beholden to Beijing.
That choice has sparked alarm as executives find themselves increasingly struggling to retain talent and replace those that are leaving. “Everyone I talk to expects there will definitely be no quarantine lift until after the Winter Olympics and also perhaps not until Xi Jinping gets himself re-elected,” James, an Australian banker who has spent 30 years in Hong Kong, told AFP.
“We have staff every month relocating,” he said, adding it felt like Hong Kong’s government was putting “all the marbles... in one basket” by prioritising travel with China over the rest of the world.
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