With China's property market on the brink of a potential collapse, it threatens to set off a chain reaction throughout the entire country's financial system. This impending crisis also casts its shadow over Hong Kong, which remains intricately linked due to its integration within China's broader plans. As we look ahead, the prospects for Hong Kong appear increasingly bleak, with the extent of this gloom hinging on China's degree of integration. The consistent influx of mainland Chinese residents into Hong Kong, effectively offsetting the outflow of local Hong Kong residents and expatriates, strongly suggests the active involvement of the Chinese government in orchestrating Hong Kong's transformation. This trend implies that the trajectory of Hong Kong's fate is not one of improvement, but rather a descent into greater challenges. The extent of this descent is inextricably linked to how far China chooses to enforce its integration strategy for Hong Kong.
I agree with your point of view. Anything around social economic conditions are very complicated and cannot be explained in a one dimensional way. I am not based in Hong Kong, I can't see how the economy in the US and UK is going to one much better than Hong Kong and mainland China. For parents who thinks their kids will have a better future in the West is very much based on very outdated information, the future belongs to China, SE Asia, India and Africa.
