, Columnist
Hong Kong Is Fast Becoming an Also-Ran
An economy unchanged in nearly two generations needs accountability to stop losing ground.
This economy is long past its sell-by date.
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Hong Kong is hurting economically. Nearly six months of unrest have severely damaged its tourism and retail industries. The Sino-US trade war and China’s slowing economy are taking a toll on its trade and logistics, finance and professional services industries. And with sentiment turning against Hong Kong in other parts of China, efforts to integrate better with the rest of the country are weakening.
The problem: remaining relevant, especially compared to Shenzhen, the city just to the north that famously was nothing more than a small border town 40 years ago, but whose economy overtook Hong Kong’s last year.