The global financial hub of Hong Kong is being squeezed at the top and bottom by Beijing’s crackdown.
: In a rundown alleyway in one of Hong Kong’s most populated areas, seafood stall owner Tsang Kam Por has put his protest signs up.
“They don’t have the guts to suppress this form of resistance,” says Tsang. “We just want fair compensation.”Credit:Day and night Tsang and his 86-year-old mother are harassed by government authorities. They are threatening to revoke his license unless he does a deal with the property developer next door. The 67-year-old has taken to sleeping inside the stall that supported generations of his family since he was a toddler, fearful that it will suddenly be torn down while he is not there.
The labour force shrunk to less than 3.9 million, reducing the number of workers to the level there was a decade ago.In February, the government announced it would give away half a million airline tickets to bring visitors back to the city, but few from its historical markets in Europe, Australia and the United States seem interested, according to shop owners across the city.“There is no such thing as what it was before in 2016 or 2015,” says Hussein.
Pui Sze, who helps run the Youth Co-Living Hostel in Kowloon, says business has been good. More than 50 per cent of her visitors now come from mainland China. But the ultra-wealthy in China remain wary because of the national security laws imposed by Beijing in 2020, which could leave their assets exposed in Hong Kong if they are linked to any of Beijing’s vague and wide-ranging interpretations of national security.
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