Hong Kong's Future Debated Amid Economic and Political Concerns
American economist Stephen Roach's critique of Hong Kong's prospects sparks controversy, with responses from Chinese state media and local officials.
- Stephen Roach, an American economist, defends his article claiming 'Hong Kong is over' as a wake-up call amidst growing concerns about the city's future.
- Chinese state media Xinhua criticizes Western outlets and 'so-called experts' for spreading false claims about Hong Kong's investment and business environment.
- Roach's commentary draws strong rebuttals from Hong Kong political and business leaders, emphasizing the city's resilience and potential for recovery.
- Hong Kong government data shows a high level of overseas and mainland companies in the city, countering claims of a mass exodus.
- Roach hopes his critique will serve as 'good trouble,' sparking constructive dialogue about Hong Kong's challenges and opportunities.