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(STLToday)   Hong Kong is losing its business shine and appeal amid tough coronavirus restrictions. Certainly, it has nothing to do with the repressive new central government   (stltoday.com) divider line
    More: Followup, Jamie Dimon, JPMorgan Chase, Hong Kong, Washington Mutual, cosmopolitan business hub of Hong Kong, Sandeep Arora, foreign companies, stringent anti-pandemic rules  
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211 clicks; posted to Business » on 07 Dec 2021 at 7:59 AM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2021-12-07 8:01:10 AM  
为什么不同时?
 
2021-12-07 8:58:56 AM  
Leave it to China to take a gigantic dump on a pure cash cow.
 
2021-12-07 9:01:54 AM  
Also, it's believed by many that the lockdown is political.  To make travel and movement in and out of the territory as difficult as possible. Hong Kong locals who leave will find it hard to come back. The folks who do leave are the ones who are fed up China and decide to immigrate elsewhere.  And the restrictions make it difficult for foreigners to travel into Hong Kong.  Frankly, as someone who has worked there, has family (in-laws) and had friends there (almost all have moved out), foreign businesses should divest from Hong Kong.

The key exception are Chinese Mainlanders.  When the lockdown is lifted maybe much later next year, Hong Kong will be more like a Mainland city in terms of business, people, the laws, etc.
 
2021-12-07 9:44:45 AM  

NewportBarGuy: Leave it to China to take a gigantic dump on a pure cash cow.


Other Chinese cities have surpassed Hong Kong - it lost it's unique status a while ago.

As the poster below you said, the lockdown is political, intended to drive out western visitors. If westerns stop visiting Hong Kong, then fewer people will care about its plight.
 
2021-12-07 9:54:25 AM  

NewportBarGuy: Leave it to China to take a gigantic dump on a pure cash cow.


And right next door the mob CCP is starting to crack down on the casinos in Macau
 
2021-12-07 1:45:54 PM  

thornhill: NewportBarGuy: Leave it to China to take a gigantic dump on a pure cash cow.

Other Chinese cities have surpassed Hong Kong - it lost it's unique status a while ago.

As the poster below you said, the lockdown is political, intended to drive out western visitors. If westerns stop visiting Hong Kong, then fewer people will care about its plight.


You're absolutely right that it lost unique status, but multiple of those cities succeeded due to proximity to Hong Kong. Starving Hong Kong won't make those cities move backward, but it still may slow their growth. Not to mention it is still a massive financial hub.

Really, I think the way China may be more hampering itself is culling the source of a massive amount of their future intellectuals. Hong Kong allowed them to take advantage of a more open system to effectively educate people while maintaining a more repressive regime on mainland. That is not to say there aren't mainland intellectuals or that the Chinese aren't creative. However, a priority on showing deference to your superior is a great way to slow down intellectual advances and effective education.
 
2021-12-07 4:06:47 PM  

NewportBarGuy: Leave it to China to take a gigantic dump on a pure cash cow.


I could never find it again without a major research grant, but when HK was first returned to China, there was an editorial cartoon with a guy in the first panel representing China seeing Hong Kong again and pronouncing to his underling "My brother has returned! Kill the fatted calf!"

In the second panel, Hong Kong is dead and China is saying "Let me rephrase that..."

/Just took an extra 25 years to come true.
 
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