Johannes Hack, President of the German Chamber of Commerce in Hong Kong, criticizes the uncertainty caused by the Covid policy of the last couple of years. Mainland China is building the walls around itself higher and higher. On the one hand, this could again strengthen Hong Kong's status. But because foreigners from Hong Kong can no longer travel freely to China, the island becomes increasingly unattractive. The interview was conducted by Ning Wang.
By Ning Wang
The Chinese economy is in a uniquely difficult situation. Chinese consumer confidence dropped sharply in recent months in parallel to the dramatic decline in GDP growth caused primarily by Zero Covid policies. Even if the Zero Covid measures are relaxed in the future, the damage to the Chinese economy is likely to have lasting effects.
By Experts Table.Briefings