Despite its famed resilience, it’s hard to make the case for an upturn in the city’s fortunes, given they now go hand-in-hand with those of mainland China.
Hong Kong is on its back heels. Its economy has been floundering. Its stock exchange has been mired in a wrenching bear market. There has been a major exodus of talent. It is caught in the crossfire of the U.S.-China conflict. And its political strings are under the ever tighter control of its masters in Beijing. A perfect storm shows no sign of abating.
For those of us personally attached to Hong Kong, the recent confluence of adverse developments has been especially painful to watch. I crie
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Bob Fu's relationship with China has gone through phases. First, he thought money would solve his problems there; then he joined protesters at Tiananmen Square, thinking the politics could change. In the end, he determined, only God could save China, and he's been fighting for religious freedom in China ever since he resettled in Texas. With his nonprofit, ChinaAid, prospering like never before, he says the U.S. is finally catching on.
A podcast about how the two nations, once friends, are now foes.
Hear why things are so complicated now. Host Jane Perlez, former New York Times Beijing bureau chief, talks with diplomats, spies, cultural superstars like Yo Yo Ma, and more to understand why the dangers are so high, and why relations went awry.