Shanghai’s expat community recovers slowly four years after lockdown

Four years after Shanghai’s strict lockdown, the city’s expat community shows signs of slow recovery. French and German consulates report stable or increasing local expat numbers, but US and Japanese populations lag. DirectHR data shows the foreign population at nearly 92,000 in 2024, far below the 2015 peak of 178,000.

Four years ago, Shanghai’s draconian lockdown sparked an exodus of foreigners. Now, the sound of English, Korean, and French is once again heard on the plane-tree-lined streets of the former French Concession, the heart of the city’s international community. Local residents note a gradual, though uneven, recovery.

Denis Depoux, a global managing director at consultancy Roland Berger who has lived in Shanghai for 11 years, said the French and German consulates reported over the past six months that local expat populations from their countries were “stable or increasing again”. He added that the European expat population, boosted by recovering international student numbers, may have bounced back to pre-pandemic levels. The same cannot be said for the United States or Japan, which saw larger exoduses and have struggled to recover.

A report by recruitment agency DirectHR last year found Shanghai’s foreign population rose from a low of 84,237 in 2023 to nearly 92,000 in 2024—still far short of the 2015 peak of about 178,000.

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South Korean visitors to China have surged following the extension of a unilateral visa-free policy allowing 30-day stays, reaching 3.16 million in 2025, up 36.9 percent from 2024. Dubbed a 'Korean v-blogger influx,' content creators are documenting mainland life, with one saying, 'the window has opened and everyone wants to take a look inside.' January saw over 300,000 arrivals, up 48 percent year-on-year.

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China's economy posted a steady recovery in the first four months of 2026, with key indicators rebounding and new growth drivers gaining momentum.

Hong Kong's Financial Secretary Paul Chan Mo-po said on Sunday that the city's economy showed resilience in the first quarter of 2026 amid volatility in equity and oil markets caused by war in the Middle East. Investors continued moving assets to the city, drawn by mainland China's steady economic growth and a large number of initial public offerings in Hong Kong. He noted the geopolitical landscape was complex and fast-changing, with uncertainty from the United States-Israel attack on Iran clouding the stock market.

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Preliminary results from Japan’s 2025 census indicate the population fell 2.5 percent, marking the steepest decline on record and the third consecutive drop in the five-year survey.

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