With zero-COVID around to stay and equity markets in freefall, China’s wealthy capitalists are leaving in droves.
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For decades China’s newly minted millionaires, bankers and high-flying entrepreneurs were the country’s new capitalist heroes.
They drove flashy cars, drank expensive champagne in Shanghai nightclubs and wore head-to-toe Italian designer wear.
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Original URL: https://www.afr.com/world/asia/why-the-era-of-get-rich-first-is-officially-over-in-china-20221026-p5bt3x
