The non-zero costs of zero-covid
In business, China is becoming a world unto itself
THE TRADE war between America and China paradoxically brought some of the countries’ citizens closer together. Ben Kostrzewa, a trade lawyer for Hogan Lovells, moved from Washington, DC, to Hong Kong to help his corporate clients navigate duties, sanctions and export controls. He used to travel two or three times a month to the mainland. If he timed it right, he could pass through the border checks in 20 minutes. “I got to know those border agents very well”, he says.
The pandemic has changed all that. In the first half of 2019, China’s busy agents recorded over 344m border crossings between the mainland and the rest of the world (including Hong Kong). In the first half of this year, that number was down by over 80%, according to official statistics. Mr Kostrzewa has not visited in almost 22 months. “It’s funny to be talking about this in the past tense,” he says.
This article appeared in the Business section of the print edition under the headline "Seal of the realm"
More from Business
Does Perplexity’s “answer engine” threaten Google?
Taking aim at one of the best business models of all times
How not to work on a plane
Hours without interruption and work to do. What could go wrong?
Why does BHP want Anglo American?
Its $39bn takeover offer is the latest in a string of mining mega-mergers