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80% Foreigners Have Left Shanghai FDI Falls for 12th Consecutive Month

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China Observer

Some Shanghai netizens discovered that the number of registered students in international schools and housing rental data show a sharp decline in the foreign population, possibly exceeding 80%. In areas where foreigners used to live, there are visibly fewer foreigners, especially Westerners from Europe and America. This phenomenon is not only seen in Shanghai but also in other major cities and economically strong secondtier cities. The main reason for this is the withdrawal of many foreign enterprises and investment companies, leading foreign managers and technicians from Europe and America to return home.
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posted by deerfeimic7