China seals Hong Kong’s failed-state fate
Article 23 is final confirmation of China’s shocking breach of faith with Britain. Beijing solemnly pledged, 40 years ago, to respect Hong Kong’s autonomy.
The 1984 Sino-British joint declaration agreed the “one country, two systems” principle would continue in force for at least 50 years after the 1997 handover.
China’s post-pandemic economic slump, exacerbated by Xi’s private sector squeeze, is adding to Hong Kong’s woes.
The stock market has lost nearly half its value in three years.
The property sector is in crisis, besieged by debt and raised interest rates. For many in Asia, Singapore is the new business destination of choice.
How the World’s Priciest Property Market Stumbled
Reversal of fortune for Hong Kong’s housing market is a symbol of the city’s malaise
https://englundmacro.blogspot.com/2024/03/china-evergrande-fraudulently-boosted.html
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