There is a major difference between HK and China. HK is a market economy and is run by private businesses and citizens, and it is largely based on the confidence of the people. Capital and people will move away if they have no confidence. In 1982 the people and capital moved away as they lost confidence. The HK government took some measures to reinstate the confidence, using a strong leader to say no to China, boost the property market, increase the fiscal expenditure, etc. However, none was done by China in 2019.
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There is a major difference between HK and China. HK is a market economy and is run by private businesses and citizens, and it is largely based on the confidence of the people. Capital and people will move away if they have no confidence. In 1982 the people and capital moved away as they lost confidence. The HK government took some measures to reinstate the confidence, using a strong leader to say no to China, boost the property market, increase the fiscal expenditure, etc. However, none was done by China in 2019.
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