Recently, the South China Morning Post released a video showing the precarious position of the restaurant business in Hong Kong. This is part of a larger trend of stagnation that has hit the Hong Kong economy. Coronavirus definitely played a role in this, but it is only part of the story. The larger story is that COVID, the National Security Law, and a changing political culture are all contributing factors to the decline of Hong Kong. If the government of HK wants to reverse HK’s fortunes, it needs to reverse course on the totalitarian path.
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