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 Chief Executive John Lee speaks at a press conference in Hong Kong, January 23, 2024. Credit: Vernon Yuen/NurPhoto via AP Photos
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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