Commentary
The so-called Global Financial Leaders’ Investment Summit was held this week. China experts know well that “contrarian theory” is needed to thoroughly understand China: What the Chinese Communist Party (CCP) or its mouthpiece emphasizes is often already lost. The same is true for the international status of Hong Kong. All sources of information suggest Hong Kong is no longer an international city. Yet the Chinese officials are asking people not to read the western news, while Hong Kong officials are asked to “tell good stories.”
Whoever is spreading fake news should be clear. Facts never lie: While elsewhere around the world, countries are accepting immigrants, Hong Kong is having a huge amount of brain drain like Ukraine’s refugees, and numerous firms and associations have announced their intention to move out of Hong Kong. These should have been mostly expected by the Chinese senior officials from the early days that they adopted hostile diplomacy toward the West. Only local (Hong Kong) officials are worrying about the local problem when seeing huge outflows emptying the economy….