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Text Chapter 2719 Hong Kong in Decline

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    In the morning, after breakfast, Xiao Qi was also watching Hong Kong news.

    There is no doubt that people everywhere are always very tolerant towards their children.

    Why do Hong Kong celebrities receive more preferential treatment than ordinary people? This question is not unasked by anyone, but it is not the mainstream of Hong Kong people at all.

    The mainstream is that everyone envies celebrities, but they are not very jealous. They just think that they also have the opportunity to buy shares of Fairy Guard.

    This feeling is like everyone attending a happy party.

    In addition to this news, Xiao Qi saw another news, but it was about Hong Kong's office real estate. Due to the economic crisis, it has encountered a large amount of slow sales. Even many office spaces that have been rented out have also been sold out.  The contract was canceled and there were many vacancies.

    Hong Kong¡¯s house rents have always been among the best in the world.

    Whether it is the rent of office buildings or the rent of commercial shops, the only streets that can be compared with the prosperous areas of Hong Kong are Oxford Street in London, the Champs Elys¨¦es in Paris, Ginza in Tokyo, and Fifth Avenue in New York.

    Even in less prosperous places, the rent of houses in Hong Kong is so expensive that it can be compared with the prosperous areas in Beijing, Shanghai, Guangzhou and Shenzhen.

    The problem is that Hong Kong¡¯s population is only that large, and its average income is not higher than that of London, Paris, Tokyo, New York and other places. Therefore, this economic model is undoubtedly very abnormal.

    Hong Kong can only rely on the presence of tourists from all over the world, and most importantly, tourists from mainland China, to keep their high shop rents going; only by relying on Hong Kong's many preferential policies from the mainland can it attract many people who are interested in mainland China.  Foreign companies with a huge market settled here and used it as their Asia-Pacific headquarters.

    But it¡¯s different now.

    As mainland China becomes more and more open, there is no need for Hong Kong as a springboard. Instead, Hong Kong is very far away from the capital and the east.  Many times we are slow to make decisions.

    In addition, the rent, labor and other costs in Hong Kong are completely ridiculous. Therefore, in recent years, at least 60% of the world's top 500 companies have moved away from Hong Kong, either to the capital or to Dongfang City. This has also caused Hong Kong's  Reasons for the decline in leasing of office buildings and shops.

    As for tourists.  Fortunately, in the past two years, free travel has been open for so many years. Countless young people who remember their childhood TVB and movies like to come to Hong Kong to walk around and see it. Middle-aged and elderly people also want to visit this former place.  Come and have a look at the colony and the Pearl of the Orient, so the tourist business is very prosperous.

    But only Xiao Qi knows that in a few years, those disgusting people in Hong Kong will emerge, and then the behavior against mainland tourists will continue to appear.

    Although the Hong Kong government refuted the rumors, the number of tourists visiting Hong Kong has not decreased much.  But this is just a fig leaf for myself. The number of people traveling to Hong Kong has dropped by at least 30%. During the peak season, it has plummeted by 50%, which can be said to make Hong Kong's economy even worse.

    ?? Okay, these are all things for later.

    For now, Hong Kong¡¯s economic weakness is actually not only due to this financial crisis.  It's because over the past decade or two, Hong Kong has completely abandoned manufacturing and innovation industries.  It is only related to the development of finance, port and real estate industries.

    If we calculate it more carefully, we will know how unreliable Hong Kong¡¯s decision is.

    Let¡¯s talk about finance first.

    The finance of any country is definitely a top priority and it is impossible to let others occupy it. Greece is on the verge of bankruptcy and they are gritting their teeth and refusing to open up the financial system. This is a clear proof.

    A negative example is South Korea.  During the 1997 financial crisis, South Korea was forced to accept assistance from the International Monetary Fund, thereby opening its financial market to the International Monetary Fund. From then on, South Korea's banking and financial industry came under the control of the International Monetary Fund until  2013 has not escaped.

    Therefore, in recent years, South Korean financial scholars have selected it as one of the "most disempowering and humiliating behaviors in a century."  The country's finance was controlled by the International Monetary Fund, which ranked second after being occupied by Japan and becoming a colony.

    Hong Kong¡¯s financial industry is indeed developed. There are hundreds of banks, large and small, in such a small place. This is extremely exaggerated in any place.

    But where can they develop?

    The financial industry in Southeast Asia is all controlled by the Chinese, but they are also wary of Hong Kong. They even founded many banks in Hong Kong. How can they go back and attack the local area?

    It is even more impossible in mainland China. The four major banks of China Agricultural and Industrial Construction are like Big Macs, crushing everyone who wants to steal food from their mouths, even if they are recruitingBanks such as finance, transportation, and people's livelihood are also rising stars, but they are far from the same level in terms of grade and scale, as well as the support of national policies.

    Under the watchful eye of such predators, even Hong Kong¡¯s largest bank, HSBC, has not been able to carve out a niche in the mainland, let alone your other small and medium-sized banks!

    Therefore, Hong Kong¡¯s financial industry has absolutely no long-term development prospects.

    Let¡¯s talk about Hong Kong¡¯s port industry.

    Yes, since the opening of Hong Kong, the port industry has been the backbone of Hong Kong. Especially since the founding of the People's Republic of China in 1949, the external demand for the entire 9.6 million square kilometers and 600 million people has hit Hong Kong like a piece of gold equivalent to the size of Hong Kong.  On the person's head.

    Since then, Hong Kong has grown from a small port to a world-famous superport, achieving the reputation of the Pearl of the Orient.

    But that was only in the past. With the reform and opening up of China, Liancheng, Jinwei, Dongfang, Lingbo, Quanzhou, Yuezhou and other cities that have been excellent ports since ancient times have gradually opened up.  The country's foreign trade has gradually become dominated by them, and these ports have become more and more prosperous.

    The prosperity of mainland coastal ports is naturally accompanied by the decline of Hong Kong ports.

    If it weren¡¯t for Hong Kong being a duty-free port, I¡¯m afraid Hong Kong¡¯s port industry would not reach even half of its current size.

    Even so, in the next few years, Hong Kong's port industry will continue to shrink, and gradually reduce to the point of purchasing foreign goods for mainland tourists. There are tens of thousands of Hong Kong water passengers, just like ants moving, it not only facilitates the mainland  The people have given Hong Kong's port goods a place to use.

    Finally, let¡¯s talk about Hong Kong¡¯s real estate.

    Because Hong Kong is just a small land with a population of 7 million, and the rapid economic development in the past few decades, housing prices have continued to rise. At least 20% of the people cannot afford to live in houses and can only live in government homes.  Provided public rental housing and low-rent housing.

    The Hong Kong government is bragging about itself, saying that it still has more than 60% of the land it can provide, so there is no need to worry about insufficient land in Hong Kong for the next 100 years.

    But you asked the Hong Kong government to release the land for a look?

    It is guaranteed that Hong Kong¡¯s housing prices will plummet and real estate developers will directly go bankrupt. It is the Hong Kong people who benefit, but this is not good for the government and businessmen!

    Therefore, the Hong Kong government will definitely release very little land, and will definitely not dare to release more land to stabilize housing prices. This is why Hong Kong's real estate businessmen can make so much money. Among the top ten richest people, almost all are real estate tycoons.

    Besides, Hong Kong real estate businessmen went north to the mainland to repair houses. In the 1980s and 1990s, their technology and experience were indeed much better than those in the mainland. In addition, the mainland valued the introduction of Hong Kong capital, so they were indeed prosperous.  For a while.

    But after the 21st century, China's housing demand continued to expand, and local real estate businessmen sprung up like mushrooms after a rain. They had deeper relationships, were more in tune with officials and people, and understood the needs of local people.  So usually, they gradually squeeze out Hong Kong real estate developers.

    After the development in 2010, Hong Kong¡¯s real estate developers basically occupied a small share. Their glorious days in the mainland have never returned, and they have ushered in a new round of recession.

    Under such circumstances, the foresighted Liu Datou went to the UK and made a lot of money in the UK. He was much more prosperous than the real estate businessmen who stayed in Hong Kong and went to the mainland.

    ??Taken together, Hong Kong's finance, port and real estate are destined to have no future, so this proves that Hong Kong's development path is also unreliable. It will inevitably continue to decline in the future, and eventually disappear from the public.

    In fact, places like Hong Kong originally had a future.

    If they had chosen to be Asia's Silicon Valley and high-tech value-added industries during the economic transformation in the 1980s, Hong Kong would have been able to occupy the high-tech electronics market in Asia based on the abundant talents at that time. It would definitely be easier than on the island.  Much more.

    "It's a pity that Hong Kong people had almost endless demand support from the mainland at that time. When they could make a lot of money by reselling at will, how could they calm down to do scientific research and development and the real economy?

    Speaking of which, this is the best portrayal of living in sorrow and dying in happiness!

    Of course, this does not mean that Hong Kong people cannot survive and Hong Kong will become a backwater.

    Hong Kong has the support from the capital. If it is well built in the future and becomes a port distribution center for Southeast Asia, their development will be good.

    Coupled with the impact of duty-free ports on Guangdong and Guangxi, it can at least maintain their progress.?Relatively good life.  It is simply impossible for the mainland government to build a zero-tariff port like Hong Kong!

    ¡° Moreover, with the daily needs of more than 7 million people, there is still a very good consumer market. At least TVB, Watsons, and the Hong Kong Metro, which Xiao Qi chose for his wives, are definitely industries that will develop smoothly.

    ¡°This is enough for Xiao Qi. Let Hong Kong people worry about their worries!  (To be continued.)
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