In October at the 20th National Congress of the Chinese Communist Party, President Xi Jinping announced further moves toward “common prosperity,” which has sent entrepreneurs looking elsewhere for more welcoming locales, including Singapore.  Bloomberg called it an “exodus of wealth” in a Nov 15 piece. It quoted visiting senior research fellow at NUS Lee Kuan Yew School of … Continue reading China to see ‘exodus of wealth’ to Singapore after Xi Jinping’s crackdowns, Covid shutdowns