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And, Chan claimed, the majority of Hong Kongers are happy with things as they are. China to Keep Covid-19 Border Restrictions for Another Year When will China open its borders to Hong Kong? Coronavirus in 2021 International tourism, both inbound and outbound, has ground to a halt. China May Have More to Lose If Borders Open to Tourists September 26 - China to reopen border regions to foreign visitors The Chinese government issued draft regulations on Monday, September 19, aiming for increasing tourism along its borders and making it simpler for some foreigners to enter China. In the face of intense criticism, the government has repeatedly defended its course of action. Last month, the border cracked open somewhat but only one way, allowing some Chinese residents to enter Hong Kong without quarantine, not vice versa. Those foreign airlines allowed to operate limited flights into China are often running at 10% of pre-pandemic capacity. Rigorous testing and 20 million vaccinations a day might see Beijing ready to host the Winter Olympics 2022. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. But one city, arguably Asias biggest financial center, is absent from the list: Hong Kong. More than a year and a half after COVID-19 concerns prompted the U.S. to close its borders to international travelers from countries including Brazil, China, India, South Africa, the U.K. and much of Europe, restrictions are shifting to focus on vaccine status. for insight on whats dominating business in Asia, delivered free to your inbox. The lowest estimate was 6.6 billion USD per year, with a disclaimer that it could well be double that figure. Strict quarantine requirements may therefore persist for much, if not all, of 2022. Though a few of the countrys top scientists have cautiously questioned how long Chinas zero-covid policies may last, there are no signs the government is moving away from its position. 2023 Fortune Media IP Limited. Beijing has charged them with espionage, but most outside of China see their detention as retaliation for Mengs arrest and a bargaining chip to help leverage her release. Sign up here. Many have waited for more than a year to reunite with loved ones. More than 100,000 people have so far been evacuated from low lying areas of the city, with thousands of emergency personnel deployed to assist in the effort, according to state-run media.