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Opinion | Change shouldn’t intimidate Hong Kong – we have always thrived on it

  • Through periods of crisis and uncertainty, the city has stayed relevant thanks to its resilience, adaptability and entrepreneurial spirit
  • Now, amid global geopolitical divergence, Hong Kong’s role as a link between East and West has never been more important, and we must seize the opportunities it brings

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Swimmers take to the water near Tai Wan Shan Park, Hung Hom, on December 4, 2020. Photo: Felix Wong

At a time when the local, regional and global challenges seem to outweigh the opportunities, Hong Kong finds itself on familiar ground. With the outlook clouded by a storm of inflationary pressures, geopolitical turmoil and pandemic uncertainty, pundits are calling Hong Kong’s future into question.

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But we’ve been here before: during the riots of the 1950s and 1960s, through the crisis of confidence surrounding the handover in 1997, and again during the severe acute respiratory syndrome (Sars) outbreak. Not only did we survive those challenges, we thrived, emerging stronger and more relevant than before.

Without land or natural resources, Hong Kong has always had a precarious existence. Born in conflict, the city has taken the slim advantages of a good location and the soft capital of a determined people and turned itself into a financial centre to rival the global giants of New York and London.

At the heart of our success is, and has always been, our connection to mainland China, and our unparalleled ability to act as a conduit for commerce between East and West.

Pedestrians in Hong Kong’s Central district on October 29, 2021. Photo: Bloomberg
Pedestrians in Hong Kong’s Central district on October 29, 2021. Photo: Bloomberg
As Hong Kong marks 25 years since the handover, challenges abound. China’s economy is slowing as it matures and the drivers of growth undergo a long-term shift from investment to consumption, and from manufacturing to services, but it is still the world’s most dynamic market by a considerable margin.
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