China’s super-rich seek safe haven in Singapore


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SINGAPORE — On 23 October, Xi Jinping, president of the People's Republic of China (PRC), was re-elected as General Secretary of the Chinese Communist Party for his third term. This means Xi will further solidify his power as the paramount leader in China since his appointment in 2012, especially since the removal of the Presidential Term Limit was removed in 2018 which allows Xi to stay in power indefinitely if he wishes to. This would also signify the continuation of Xi’s major policies, such as China's obstinate zero COVID-approach with city-wide lockdowns and his promise of “common prosperity” which would...