Hong Kong eases travel curbs that hit economy and sparked an exodus

Financial Times

20 Mar 2022

Hong Kong has eased its rigid border controls after the restrictions put in place to control the Chinese territory’s worst coronavirus outbreak battered the economy and prompted residents to flee the city.


The decision will cheer international business, which has argued Hong Kong’s stringent controls undermined the city’s status as a global financial hub. “The measures are the sign we have all been waiting for,” Frederik Gollob, chair of the European Chamber of Commerce in Hong Kong, said. “[But] the decision comes at an almost too late stage . . . We need to see the recovery plan to avoid further damage, as the damage has already happened big time.”


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