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Many people choose where to live not because of livability, food, culture, etc., but only consider investment factors like tax avoidance and capital flow, which is somewhat misguided. This is also the reason why Dubai has collapsed so quickly.
Many people choose various countries and regions but not Shanghai, and the only reason is that it doesn't necessarily affect their policies; in other aspects, Shanghai is unbeatable.
I can only say it's unreasonable but understandable.
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