Hong Kong Fully Mainlandized, Becomes a Financial Ruin; Over 100 Shops Close Monthly
This is Hong Kong during the Easter holiday: the doors in front of shops are desolate, few visitors in sight, and business is dismal. The streets and subway stations are also empty, even the bustling Mong Kok area has far fewer people than usual.
#chinaobserver
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It's sad to say, but the HKers who left before the takeover, made the right move.
@EllieMaes-Grandad
3 ай бұрын
Yes, those who stayed made a choice and choices have consequences.
@tragzz
3 ай бұрын
My uncle left in 1995 and sold his penthouse for 120k. It's worth 7 mil today. He brought his family to New Jersey and worked odd jobs but wasn't able to provide the life his family was used to. His wife divorced him and his daughter became a drug addict. He is currently farming turnips in a remote village in China and refuses to make any contact.
@sparklesparklesparkle6318
3 ай бұрын
@@tragzz man at least farming turnips is chill. hard work, but very chill. im glad your uncle got to see HK in the hay day. what a treat!
@acheable
3 ай бұрын
Can migrate before and still can now. Is whether you are serious in making such decision
@acheable
3 ай бұрын
@@tragzz Never make a decision to regret later because migrating to another country needs lots of planning and patience in particular the ability to integrate into a western society beside having a well paid job.
Taiwan is trying to avoid this fate.
@shadowfilm7980
3 ай бұрын
They better. Why they are fighting so hard to avoid this. Or they too will turn into a HK.
@user-fd7ju5sb6b
3 ай бұрын
Taiwan is region of China.
@andrews3523
3 ай бұрын
They won’t, this is future Taiwan.
@DailyCzak123
2 ай бұрын
Doesnt have to avoid. Taiwan community and the people establish their own rules. Mainlanders can enter but theyre seperate race inside taiwan. CCP and mainlanders as individual race and people. Taiwanese and hong kong people are different race. Even if CCP successfully invaded Taiwan
@DailyCzak123
2 ай бұрын
The problem is that most people have poor concept of similarities to distinguish the people. For hkers and outsiders as well
I was in HK yesterday, a bunch of ppl in Mong Kok....However, Inflation is crazy in HK, the food prices are almost at US levels...
@MMMmyshawarma
2 ай бұрын
RIP. I'm glad I visited in 2015.
The CCP has turned this once vibrant, bustling World Class city into a depressing desolate place. I feel so sad for the city of my birth.
@AGZF1983
3 ай бұрын
same. it hurts me what the CCP has done to a city that I called home for 21 years now.
@chanweiming5501
3 ай бұрын
How bias are your comments? Sigh…..
@asscheeks3212
3 ай бұрын
@chanweiming5501 you have eyes?
@chanweiming5501
3 ай бұрын
@@asscheeks3212 without mainland, HK is just a “fragrant bay”.
@MarineRX179
3 ай бұрын
@@chanweiming5501 There's nothing bias about the "National Security Law" and the newly passed article 23 essentially given officials/authorities unlimited power to arrest and jail anyone (including foreign travellers that set foot on Hong Kong soil) that so much as talked/posted anything negative or criticism online about the China or CCP online be it recently or in the past under vague term of "subversion". Tourism from foreign countries was already in decline, now this just put the final nail on the coffin
As a HKer, I must say it is not as simple as all HKers started embracing China in a sudden and travel to there every weekend and holiday. There was a trend already before 2019’s umbrella movement when things were or looked fine, lots of people already travelled to China then, but that wasn’t a problem. There are multiple reasons for HK looking so empty now: 1. The massive wave of migration after 2019 to western countries, mainly to Australia, Canada and the UK, a lot of these people would have stayed at HK when there were also people travelling to China during holidays before 2019. 2. COVID lockdown rules had HK people stuck in HK for almost 3 years, plus the fact that HK dollar have a higher buying power now, more people would go abroad to Japan/ Korea / Taiwan when they get a longer holiday. 3. There are more and more migrants from China living in HK, they will return to see their families when they can, especially for the Lunar new year holiday. Also they will gain HK citizenship after living in HK for 7 years, so they will technically become HKers. 4. COVID also locked the Chinese in China, before covid lots of them would come to HK to shop all sort of things as they believe those sold in HK are more reliable, and luxury goods are cheaper in HK compare to China. But after 3 years of closed borders, they developed a new network or a new habit of shopping, they can get all they need within China now. So there aren’t as much Chinese tourists as before in HK. Lots of shops are closing because the tens of thousands of people moved to the west, people got bored being stuck in HK during covid, strict covid rules that changed people’s habit that less people will eat out now, less tourists coming to HK and HKers saving when they are in HK and mostly spend when they are travelling. However, the trend of buying groceries in China is new, there are no Sam’s club or Costco in HK, so it could be the excitement of things that HK doesn’t have, we will have to see.
@Nepgearaf
2 ай бұрын
Thank you for specifying the countries of interest that were migrated to. On Instagram we have many people from China defending the CCP from like you said, The UK, Australia, and Canada. Talking about how horrible the west is when they are going there to be educated and to get away from hardship.
Price of Beijing's arrogance.
@charted8015
3 ай бұрын
what do you mean? beijing does not care. lol
@sleepinglaffey3886
3 ай бұрын
#CCPcyberpsychosis
@hilman94
3 ай бұрын
@@charted8015 exactly... china just wanted hongkong back because of the territory issue... china already has shanghai, even develops shenzhen as hongkong's competitor... now it's just a matter of time, until hongkong is fully absorbed into mainland china...
@ovrskr
12 күн бұрын
@@charted8015they should, hong kong was one of the world’s biggest trading hubs. Dont you have electric EV’s to sell?
When the CCP abandoned one country two systems, Hong Kong became just another part of China, with the same geo political risk, so I avoid it.
@avatv5
3 ай бұрын
it is part of china 😁
@mombaassa
3 ай бұрын
@@avatv5 Yes. It shows what happens when a thriving economy, becomes part of China.
@gaoxiaen1
3 ай бұрын
@@avatv5 That's why people don't go there.
@ishakshamsudin8585
3 ай бұрын
@@avatv5 The ideology is of paramount importance at the expense of everything.
@johntang4108
3 ай бұрын
The CCP has never abandoned the one country two systems at all. By the way, Hong Kong was and is, and will be part of China forever.
Australian Born HK Chinese here. When I tell chinese people I'm from HK. They always ask when I've last visited HK. I tell them never. Since 1997 my father will not allow me to go. I respect and honor my fathers wishes. HK is dead and China killed it. I am Taiwanese now.
@jeganv1473
3 ай бұрын
Even though he ultimately was right, if you visited in 2019 or before it still was a wonderful city only with some political limitations. People were able to still speak their minds and complain about politics and mostly do whatever they liked. As a Canadian born HKer, I wanted to see my parent's birth country and I was not disappointed but it certainly was an experience in how crowded a place can be. I insisted on going almost yearly to my mom's annoyance, since 2009, I only stopped in 2019 because we weren't sure of how safe it was during the protests...particularly the police. Now my mom is glad we went as many times as we did. Seeing HK now 2020 on, it's f'd. An uncrowded HK is a dead HK. One of the most liveliest cities at night, it's now less lively at night than mine. Until CCP rule ends, I'm also never going back to HK again. My risk of going to jail in HK or China(ironically less so on the mainland)is higher than every other country even though I'm a law abiding citizen under everyone else's definition. There are plenty of countries I'm critical of their governments and policies, Japan for instance, but they don't want to jail me for that...therefore I'm going to Japan this year.
@johntang4108
3 ай бұрын
Please don't declare that you are a HK Chinese. Hong Kong has nothing to do with you as you have never been there at all. You are just an Australia born Chinese. Your father killed your nationality.
@lingfengge6666
3 ай бұрын
If you have never been to HK, then you don't really know what HK is like
@johntang4108
3 ай бұрын
@@jeganv1473 Who want to jail you if you are not a criminal? Your risk of being jailed is the same anywhere in this planet if you committed a crime.
@jimmylam9846
3 ай бұрын
If you were born in Aussie your English couldn't be worst...
I'm lucky I was able to see the last remnants of Hong Kong around 2015 when it was already on the way to being Mainlandized. It's there now.
@shadowfilm7980
3 ай бұрын
I last saw HK in early 2016. Have some great memories there. So sad that China has to ruin it. Like everything they touch. Communism! 😔🤨😢
@SBGNatureandCoffeeChannel
3 ай бұрын
2015 is when the place started going downhill. There was already a lack of vibrancy then I remember HK in the early and mid 90 s, it was incredible
Hong Kong always served as a bridge between China and the West. Looks like China doesn't want that bridge any more. The West is decoupling from China but I think China is decoupling from the world. North Korea 2.0.
@sparklesparklesparkle6318
3 ай бұрын
For now. soon the whole world will be China.
@siewmj1
3 ай бұрын
Can china afford to decouple ? It has 1 billions mouth to feed
@carloschu7127
3 ай бұрын
🤭👍
@j.dunlop8295
3 ай бұрын
CCP Xi's taking care of his people, the "CCP elite!" will not suffer? 😢
@Al-oe8ib
3 ай бұрын
I think it is more like…the world is decoupling from China
Look what Communism did to Hong Kong! So sad.😢
@studijasymrov7630
3 ай бұрын
But no communism building ORIENTED country had never achieved communism. Those, where communist party remained as ruling party, they build capitalism as any other country.
@Cryosxify
3 ай бұрын
has nothing to do with communism, or it's economic tenets. this has everything to do with authoritarianism
@jl-io3vw
3 ай бұрын
It is so bad that the hong kong citizens are going back to China for shopping. That is Capitalism.
@elduquecaradura1468
3 ай бұрын
@@studijasymrov7630oh yeah, the classical "it wasn't real communism" Never miss to appear when communism fails. 60 years ago Soviet Union was the example of why communism was the future and capitalism was dead until things tend to be backwards then Soviet Union wasn't any longer communist even long before their fall in the 90's, 10 years ago China was the prove of sucess of the "centralized economy" of the communist party, but now that's falling apart, is no longer communism Ffs, accept communism is a failed ideology
@elduquecaradura1468
3 ай бұрын
@@Cryosxifyreally? How curious that most dictatures in the last 100 years where communist in nature But no... Ideal communism could never be authoritarian, right? We just didn't tryied communism enough, not like Mao trying communism Marx-Style lead to the deaths of tens of millions of people
That's because Hong Kongers have more spending power than Mainland chinese but that's also not going to last. Hong Konger's earnings will average to that of the mainland.
You also have to understand that since 2010 there have been a net migration of 70,000 from mainland China into Hong Kong each year. This have changed the dynamics as now over 10% of the population are from mainland China, so these people go home to Mainland china to see family etc. as well as shop.
Hong Kong is too expensive for no reason.
It makes me sad that the ones who have to suffer are the people, not the leaders
@user-ox8in4ot7p
3 ай бұрын
That’s in every country 😂
@Nepgearaf
2 ай бұрын
@@user-ox8in4ot7p Wumao "warrior" making a nothing comment lmao. Got that CCP post history.
It's shame the parents did t support there own kids during the Hong Kong Unrest, it was the last fight, and many generations sat down when they should have stood up
@EllieMaes-Grandad
3 ай бұрын
"Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety." ( Benjamin Franklin )
@mombaassa
3 ай бұрын
I remeber the 1970's & 80's, protests against the military junta in Argentina, were led by mothers and grandmothers (of those who had gone "missing"). It's a part of most societies that riot police are very reluctant to touch. This is also the case in East Asian culture, especially with the elderly. So, yes! Others should have supported the youth. In fact, old ladies should have led the way.
Hong Kong is my favourite city in Asia (or was). I was last there in 2013 so it is sad to see that Hong Kong has deteriorated economically. I always enjoyed the hustle and bustle plus the vibrancy of Hong Kong. The country parks were also a great attraction too. Proximity to another of my favourits destinations, Macau, was also a bonus. I would like to return for one last visit. Cheers from Australia.
@gerw3261
2 ай бұрын
Just be careful when you visit pal
Is this what is known as Communism with Chinese Characteristics? Hong Kong used to be so vibrant.
@Patrick-pv9pe
3 ай бұрын
Yes. White leftists in western societies take heed, your ideology does not work.
@goaway7346
3 ай бұрын
Not communism, - corruption. Corruption with CCP characteristics.
when i work in Hong Kong, it is always jam-packed with people, seeing how empty it is now feels sad. RIP HK
@yogi9631
3 ай бұрын
And you seriously believe this shit?? you can't be that stupid or gullible!!?? It still is jammed packed with people.
Chinese pride themselves on getting the Best Deal and to hell with doing what is best for their own community and local economy. It isn`t just the Chinese, but they seem to make a sport out of it. The online shopping craze has hurt real estate, store jobs (that don`t involve delivery ) small retailers.Yes, they saved a few yuan but they lost the human interaction of the people. Not only that, but buying stuff on your phone is an easy way to make unwise purchases or go into debt.
@acheable
3 ай бұрын
Traditional business practice will eventually be phased out whether it is in Hong Kong or China. Either closed or spend on change to embrace a cashless society.
@chiwanau
3 ай бұрын
Hong Kong rent is so out of control that there's little money left after paying it. It's like u save for a year and u have a choice of blowing it all just living a normal life in hk or taking a vacation/shopping on the mainland. It's completely different for mainland Chinese where housing is abundant and they're just cheap. The gov doesn't care about high rents because it forces normal people to move across the border, speeding up the conversion of hk into a mainland city. It just takes care of old ppl and a minority of lucky ones with rent control to keep people quiet.
@acheable
3 ай бұрын
@@chiwanau old British gov permitted land bids to go skyhigh so driving up high housing and commercial bldgs prices. Obviously this translates to high rental in turn cost of doing business. Thus those traditional small & medium enterprises will face more challenges when the tourist numbers are down.
@sleepinglaffey3886
3 ай бұрын
@@chiwanauThey're basically a service zombie economy bear trap
@marcuslloyd8218
3 ай бұрын
Online shipping like temu is wrecking their economy by forcing manufacturer and seller to no profit margins.
I’ve been in Hong Kong since 2004. The outlook in HK right now is probably the worst I can remember in 20 years.
How to take money from HK and into China's economy
@tenglim4406
3 ай бұрын
Yup. Annually, HK is required to transfer part of their budget surplus to other poorer regions of China. Additionally, China/Chinese uses HK as the preferred place to accept, and transfer of funds internationally without the associated risks, and sanctions.
@adamtay-zp2bx
3 ай бұрын
But I don’t invest in HK anymore.😂😂
@mombaassa
3 ай бұрын
Yup! It's great example of why people in Taiwan, don't want reunification.
@mombaassa
3 ай бұрын
Same thing happened with the Easter Bloc (Warsaw Pact), nations and the USSR. The latter, plundered the economies of its, "allies", to fund an extravagant space programme, nuclear arsenal, blue water naval fleet... etc. On its own, pathetic Soviet GDP could never support such excesses. Russians don't mention this. They've never apologised for it or offered a cent in compensation.
@MeiinUK
7 күн бұрын
@@tenglim4406: Why would they want to do that ? After the collapse, does it mean then that everything is kind of digital and free ? It ish.
HK better under UK rule.
@ngmookleong3415
3 ай бұрын
yes ,agree totally . those years the pros only cost 2 usd and all locals . nowaday it cost more than 200 usd and mostly imported . i miss those years when gangster rule instead of ccp
@johntang4108
3 ай бұрын
@@ngmookleong3415 You prefer the gangster rule because you are just one of them. Shame to you.
@ngmookleong3415
3 ай бұрын
@@johntang4108 well, not me but this jameschan seems to like it very much when under the British master
@MarcoFlores-um7cj
3 ай бұрын
Only westerners comment like this.
@MeiinUK
3 ай бұрын
It was a "short period of time"... cos what happened after that was... "PRC joined the WTO"... and even now... if you looked back at the old youtube videos... there was an "Asian Development Bank".. and even that, has gone and it didn't exist. That should've stayed. But that went... and now, it is a technology war.. Cos why.... China.. sent so many satelite up into the sky... and this is literally global "cyber warfare".... For the average mainland citizen.. they don't and never assume that, there is a wider world other than themselves? And my mother always said this to me too.. she had always said... "don't show your nephew those things, cos he would want it"..... She is right. That is right. And she is absolutely spot on. My mother.. of 160 years.. of "development".. Even when I say that, I am "British Cantonese".. some people do not get that. It means... I have both English blood running inside of me.. as well as Cantonese blood as well.. during the 160 years. So if I said.. "I do not support immigration"... does that not translate into Cantonese, or into Chinese as ..."we do not want you to come into my territory" ?.... Or a "I do not wish for you to trespass".... ???... If I want to do "business" with you.. then should you indeed need to "financialise something for the sake of something" ?.... US only wanted to help the eurasians. They did not expect the entire globe to participate in it. Stupid people.
Taiwan is next on their radar.
@Mikewee777
3 ай бұрын
Noises of Panic
What is the point of this lie?? I was just in Hong Kong yesterday, we visited our friends, went to the same shops and restaurants we've been to since I was born. I'm 30 now. I interviewed our friends and they all say economy is good! Many people including us shopping for luxury goods. But they did tell us, the lower class does go to China to eat, because food prices there are so much cheaper.
I remember Hong Kong around 1997. I’ve visited often. Amazing place. It’s very much gone now.
This is why we must protect Taiwan at all costs.
"where did all the Hong Kongers go". Canada and the US.. the money piled into Real Estate was massive.. the smart ones saw this coming years ago and pulled all their money out.
And now it shall be called Hong Gone.
Hong Kong would be a ghost town soon. Not far fetch. The CCP touch is the opposite of Midas touch. What ever CCP touches goes bankrupt!😅
@einsam_aber_frei
3 ай бұрын
Turn gold into poop.
@pennyc8252
3 ай бұрын
Take train after 6Pm u wont feel it ghost town😂😂😂😂😂
When banking and trading centers shut down in Hong Kong the city closes down.When Hong Kong was handed over to the Chinese the city died down .Hong Kong is apparently still somewhat independent !
I was in Hong Kong in 1989. I remember a jam packed city.
Hongkong sellers are rude and not tourist friendly.. good for you
why shop in mainland? you like eating dodgy food and buying counterfeit products? weird.
@einsam_aber_frei
3 ай бұрын
I doubt that a lot of those who travel across border to shop and eat are mostly mainlanders who live in Hong Kong but spend in Shengzhen. Local HongKongers would rather stay in Hong Kong or travel to Taiwan or Japan in their holidays. The truth is a lot of middle class Hong Kongers have emigrated to UK, Canada and Australia in the last few years.
@alexvig2369
3 ай бұрын
They're obviously struggling financially, in HK. And the mainland is a mere ferry distance...
@msbrownbeast
3 ай бұрын
@@einsam_aber_frei Many Hong Kongers cross the border to engage in vice activities. Pleasure time is much cheaper on the mainland.
@AllyCMa
3 ай бұрын
HK has always got their food from the mainland even during British rule
@Alpacabowl98
2 ай бұрын
Sams Club is top notch in America. I would be surprised if they lowered their quality in China.
hk's best days are way past us. only the memories of its good old days are preserved.
I visited Hong Kong in the 90's and then again every 10 years . I'm saddened by what Hong Kong has become.. it's a slum and a dump .. no reason to ever return.
When I was there in the 90's it was absolutist buzzing.
@craiggillett5985
2 ай бұрын
That’s how I remember it late 90’s absolutely pumping.
Does this mean their quality in buildings will improve? Or just cheap shit at higher prices in a year?
Our family used to visit HK at least twice a year but now we'd prefer to take trips to Japan or Taiwan at half the expense. HK is unreasonably overpriced for tourists.
Hong Kong is finished! It will never be the same again!
What time did you take the video?
@pennyc8252
3 ай бұрын
Early morning😂😂😂😂😂😂😂
i heard that the ccp is going to take every ones money in hongkong out of there banks ? oh and all there gold to now to.
Hong Kong went there 2x..enjoyed the Victoria Harbour, Temple St Night Market, a ride in "Chinese Junk," JUMBO Floating Restaurant, biggest up to 5,000 people at 1x renowned worldwide
the math is simple, 2 mil Hong Kong'ers are spending their $$ in Shenzhen, therefore, where can HK tap from abroad to replace this spending??? Medical tourism, especially dental/vision related comes to mind. Then there is cancer. Worldwide, there is easily a pool of overseas Chinese (3-4 million aged 60/over) willing to live in HK if only costs of living comes back down to reasonable level, and medical coverage would be deciding factor for many.....Japan is getting there but no one speaks English there hardly, and their culture is so rigid for many....
Losing port preferential is a big hit.
Rent is so expensive, landlords r greedy
Most ifvthe Financial, Shipping and Services Relocated to Singapore 🇸🇬 and South East Asia Nations
I was just there a week ago. There were so many people in TST i felt i was about to get covid. I agree business dropped down a notch or two but its nowhere near dying.
I remember as a kid, all my plastic toys were "Made in Hong kong". those days are well gone now. "Times they are a changing"
Smells the gradual decline of valuable hong kong.
Considering the Yuan's actual value is worse than parity they're still being ripped off, but don't know it.
Still 200 times safer than nyc or LA
@Nepgearaf
2 ай бұрын
200 times less people now too 🤣
Just like the 2 koreas after the war. Russia took the north, and installed a dictator, the USA took the south, installing democracy….which one is best?
When being a colony is much better than having your own "country".
I hope those holiday makers don’t fall foul of fake food in mainland China!
No offence my friends,but Hong Kong has lost its reason for being. At the best,they are facing a long slide into obscurity.
So rents are increasing but shops are closing and "for rent" signs are going up? How does that work?
@sleepinglaffey3886
3 ай бұрын
Greedy landlords typical of hong kong being a cyberpunk dystopia (and china basically that turned up to 100x)
Was a sad day when the UK had to hand Hong Kong back to China in 97. It was the beginning of their ruin.
I am so glad i stayed a month in 1999 in Hong-Kong vibrant so busy and great hongkingers. I no longer have any wish to return.
Hong Kong'ers will agree to integrate with mainland, buying properties and reside there at least 250 times more cheaper than in HK
Is there no way they can join the UK 🇬🇧 becoming a UK country or something to help them? 👍👍👍
Ahhahaha! So inevitably sad. This world is seriously insane. Not just here in Hong Kong. In many places around the world and many instances, people KNOW that a certain change is a TERRIBLE idea, but, it is forced to change anyway. WTF do you expect when it happens to be a disaster. Life would be generally far better if all governments just shrink to a minimum.
Rice Farming is the future 🇨🇳
I'm favoured, $60k every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
@EstherNelson-gw4um
3 ай бұрын
Same here, with my current portfolio made from my investments with my personal financial advisor I totally agree with you
@JacobMuhammad-fe6nq
3 ай бұрын
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@Jamesphilip-jz8wh
3 ай бұрын
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@lannyhumphry6048
3 ай бұрын
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@EstherNelson-gw4um
3 ай бұрын
She's always active on What's APK
the truth is, never trust what you see or hear from the internet. Don't be a FOOL!! it is not hard to verify before believing shit.
I remember the glorious days of HONG KONG in the 80s , BRITAIN should have remain in Hong Kong 200 more years- from Japan
its too bad n very unfortunate for Hong Kong , used to be a very nice tourist destination.... what's happening.....
China did not stick to the "one country, two systems" policy when the 1997 handover took place. If they kept their nose out of HKG the place would be OK.
Rent price are going up around the world! Look at America & EU! 🤣
They complained about British Colonialism, which came with ever-increasing levels of prosperity and very low unemployment for decades in Hong Kong. The CCP has destroyed a once 'Tiger' off the coast of a once-rising economic powerhouse!
They wanted "independence" from Great Britain. Africa should take notes, this is what you get when you sign the contract with PRC.
Very good news Singapore which have already over took HK and is now the number One financial hub in Asia.
Out of 10 people, 4-5 people are mainland Chinese. Most restaurants/shops especially in central area are swarming with them. Where are the hongkonger?
@sleepinglaffey3886
2 ай бұрын
Everyone with a brain or these who wanted to get the hell put of a real life Cyberpunk 2077 dystopia got out.
CCP's aim is to make the whole mainland as prosperous as Hong Kong is.
Get ready for some companies holding out in HK to move out to singapore
Look they forgot my eggroll because I’m CRITICAL…. Smh a new low
Nobody to eat gutter oil fried suspicious chicken nuggets? 😂😂
This is what’s happening in Singapore too. Earn in Singapore spend in Malaysia Johor
They need to do one more step , tear down the custom check point at HK/Shenzhen border , and make RMB as HK officials currency, dont understand the HKD need to peg US dollars
My Indian friend Loganathan doesn't mind a wee bit. HK is in financial ruin but Logan still has his HK sweetheart in Philomena Kwan.
what is "Revenge Spending"? why would they do that? I miss the old HK days, I only went there a total of 5 times 1995-1996 it was AMAZING
@sleepinglaffey3886
3 ай бұрын
Bad mandarin translation of "rebound spending"
The old FREE K2 Bus that used to operate out of China Ferry Terminal in Tsim Tsa Sui, Kowloon that took you to the Airport Express Train as well as a number of 5 Star Hotels was discontinued - now have to take Taxi to get to Airport Express Train - extremely inconvenient, no longer travel to Hong Kong for shopping or anything else and I live only 75 minutes away in Mainland China by High Speed Ferry. Sams Club & Costco in China and Shenzhen on the Hong Kong Border draw all of the Hong Kongers now. Everything changed with all of the Protesting By Hong Kongers against the Government back in 2019 which caused the lock downs and depression of Hong Kong
This is very much like Downtown LA and San Francisco. They are a lot worse than Hong Kong. At least Hong Kong doesn't have homeless tents and burning fire everywhere causing fire hazard everywhere.
Last step is get rid of visa free travel abd enforce Mainland Chinese visa rules
Well, I think it's important to remember that Britain, a colonial power not kind to those they subjugated, took Hong Kong from China after winning the first opium war circa 1842. Following the second opium war they took more land. Read Britain's reasons for importing ooium to China.They wanted to make miney to address a trade imbalance. It was inhuman. So it's hard not to recognize China's moral right to redress this 150 year outrage. Hong Kong was handed back in 1997. But problems surfaced again. I am not supporting the CCP by any means. I am a loyal and patriotic American. We, too, were colonies of Britain and rebelled. Just remember that Hong Kong was founded by Britain in the most dishonorable way possible. By government opium dealers.
Nah, I went to Hongkong last month but still a busy city
See what happened to HK since 1997 handover. Things are not getting promising. With the recent NSL and Article 23, hk people refrain from speaking out. Many people are in jail since then.
@sleepinglaffey3886
2 ай бұрын
It was always a Cyberpunkian dystopia anyway. anyone with a lick of a brain would run far away anyway
It's only going to get worse as Americans are starting to spend less of their money. It's looking like the same is following here in the US as it's getting harder to live pay check to pay check. The greed here is now effecting the global market. But bad business ethics for China companies have also cause this. On top of rising cost to ship products to US. If countries don't start working together on this problem now it's going to cost everyone in the end.
Earn in Hong Kong, spend in Shanzen will eventually lead to Hong Kong bankruptcy.
Great reporting, thanks.
see…people still choose to eat fake food… its not about the quality, its about the price😂😅
USD conversions please $$$
Those stayed in HK love China, and it is not inconceivable that they support the businesses up north
Who did not see that coming?
RIP HONG KONG. May your soul rest in perfect peace.
Ok, things has changed, very much to the worse, but "Financial Ruin"??? Not so much. Another sensational video. Is it AI-generated?
Hong Kongers with Stockholm Syndrome 🥺
hongkong is teh enw north korea all.
Interest rates INCREASE CYCLE
One city under the influence of west sacrificed for many new vibrant cities across China. Not many government are that bold. The future is yours HK people. You got the whole China to share your future with . The west would have made you prisoner like Ukraine in Europe.