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Macao has to rely on mainland heavily because of lack of well educated experts in all industries. It is a place with rich government but not well educated population. Taiwan, Japan , the uk etc are the opposite with less rich government but more educated.
Most english language media worldwide do not include mainland chinese when mentioning "foreigners" in hk, because they all know hk is not an overseas territory but a full part of china under one country two systems. So both mainland chinese and most hkers have the same nationality but different passports.
Most of the criminal foreigners in hk are people applying for asylum in western countries, they wait years in hk with no right to work before accepted by another country or deported back to their original country
The owners of small high or low quality hk flats have their tenants from high and low income immigrants . HK continues to attract both while Singapore's policies make it hard for the poor to move there.
There are poor or lowly educated hkers moving to the uk now unlike the past because of change in the rights of bn(o). This is very similar to poor hk new territories peasants moved to the uk in the 1960s.
It's 100% on HKgov - they want to kiss mainland's govt behind and nothing else, and decided to follow the economic destroying "covid zero" policy that even mainland had to finally gave up once the floodgate open. Oh, did I mention that, despite the whole "covid zero" bs, the death rate from covid in HK is one of the highest in the world? Yes, even higher than USA and its mess of a medical system.
Does foreigners include people from mainland (which are...well, technically not "foreigner")? Literally the moment the border with mainland reopen you start having the crazies again.
HK government was appointed by China so it’s still China’s fault. That was the whole point of the 2019 protests.
they are here to save hk's behind once again. like they did back then after sars.
this goes to show you that hong kong's economy depends on huge inflow of people, whether is tourists to drive hotel/retail rent prices up or immigrants to drive the real estate prices up.
And it is part of the problem with HK economy having all eggs in one basket anyway. And as they said about mainland tourists nowaday, it's "旺丁不旺財", basically, yes, the mainland tourists have return in drove. But no, they are not really spending much nor providing lots of economic benefit to HK. Macau faces similar problems, but at least with gambling that follows more of a Pareto principle, i.e. as long as you have just enough amount of high rollers you're ok.
For real estate - the truly crazy money from mainland is increasingly shifting to Singapore. But of course Singapore govt do respond (i.e. they just increased property tax for foreigners) whereas HKgov had long been soft.
Quote:
Originally Posted by Tomboy-
Macao has to rely on mainland heavily because of lack of well educated experts in all industries. It is a place with rich government but not well educated population. Taiwan, Japan , the uk etc are the opposite with less rich government but more educated.
Most english language media worldwide do not include mainland chinese when mentioning "foreigners" in hk, because they all know hk is not an overseas territory but a full part of china under one country two systems. So both mainland chinese and most hkers have the same nationality but different passports.
Most of the criminal foreigners in hk are people applying for asylum in western countries, they wait years in hk with no right to work before accepted by another country or deported back to their original country
The owners of small high or low quality hk flats have their tenants from high and low income immigrants . HK continues to attract both while Singapore's policies make it hard for the poor to move there.
There are poor or lowly educated hkers moving to the uk now unlike the past because of change in the rights of bn(o). This is very similar to poor hk new territories peasants moved to the uk in the 1960s.
Those moving to UK is a mix - there are definitely more "less wealthy" HK people moving to UK, but also a lot of upper middle class moving there as well. Even the "less educated" HKer are quite educated, though...
And for the South Asians, despite the exaggeration of them on the news, make up a very small percentage of immigrants/migrants to HK. Most are still mainlanders who come down for family reunification etc.
And it is part of the problem with HK economy having all eggs in one basket anyway. And as they said about mainland tourists nowaday, it's "旺丁不旺財", basically, yes, the mainland tourists have return in drove. But no, they are not really spending much nor providing lots of economic benefit to HK. Macau faces similar problems, but at least with gambling that follows more of a Pareto principle, i.e. as long as you have just enough amount of high rollers you're ok.
For real estate - the truly crazy money from mainland is increasingly shifting to Singapore. But of course Singapore govt do respond (i.e. they just increased property tax for foreigners) whereas HKgov had long been soft.
Those moving to UK is a mix - there are definitely more "less wealthy" HK people moving to UK, but also a lot of upper middle class moving there as well. Even the "less educated" HKer are quite educated, though...
And for the South Asians, despite the exaggeration of them on the news, make up a very small percentage of immigrants/migrants to HK. Most are still mainlanders who come down for family reunification etc.
that's always been hk's problem, but it doesn't really matter. I'd like that they be more tough on real estate tycoons (but then you people will say it's communism. after all, hk's housing is for "fry", not for living)
hk would be a good complement to other greater bay area cities with its strength in finance and corporate services.
I'd like that they be more tough on real estate tycoons (but then you people will say it's communism. after all, hk's housing is for "fry", not for living)
That would be a much better argument if "communist" China didn't have the exact same problem as HK.
Property tycoons is a product of fake socialism/capitalism, also called socialism with Chinese characteristics or corporatism. The government restrict land sales to maximize profits and property tycoons collude with the government to make themselves rich at the expense of ordinary people.
Things in macau are expensive but people solve this problem by living and spending in zhuhai instead and they hire many workers from southeast asia and mainland china to solve labor shortage.
The less educated locals of macau suffer, lost their jobs to cheaper workers from other places. Only civil servants, cashiers, dealers, supervisors and managers of casinos are not affected because the non local workers are not employed.
That would be a much better argument if "communist" China didn't have the exact same problem as HK.
Property tycoons is a product of fake socialism/capitalism, also called socialism with Chinese characteristics or corporatism. The government restrict land sales to maximize profits and property tycoons collude with the government to make themselves rich at the expense of ordinary people.
Of course mainland China has the same problem LOL - local governments literally copied the HK model with the tycoons going up there during 1990s or so. It worked until it doesn't anymore.
Quote:
Originally Posted by Tomboy-
Things in macau are expensive but people solve this problem by living and spending in zhuhai instead and they hire many workers from southeast asia and mainland china to solve labor shortage.
The less educated locals of macau suffer, lost their jobs to cheaper workers from other places. Only civil servants, cashiers, dealers, supervisors and managers of casinos are not affected because the non local workers are not employed.
Funny that now that HK is now talking about importing labors also - and we all know the less educated locals (especially people in 40s/50s) will be the one that suffers the most. Hey, nobody told them to voting against their own interest and support the local govt when the younger people are pushing for a change (ok...you have every rights to not support the violent tactics but the status quo is clearly not working).
HK needs non local workers because the local young people including those with bad school grades no longer want to work in construction, drive minibuses, clean toilets or as staff of elderly homes. Doctors in hk leave the public system for more income etc. Summer in hk is becoming longer. Police constables have to be outdoor, so less young people want to join.
The young generation is not as hardworking as their parents. Those college graduates but are not professionals are considered working poor. Working poor is the most dissatisfied socioeconomic group in all countries.
Chefs may need to be imported too as young hkers don’t like frying food in hot kitchens. Nowadays many waitresses and chefs are new immigrants or ladies 60 years old or older.
HK needs non local workers because the local young people including those with bad school grades no longer want to work in construction, drive minibuses, clean toilets or as staff of elderly homes. Doctors in hk leave the public system for more income etc. Summer in hk is becoming longer. Police constables have to be outdoor, so less young people want to join.
The young generation is not as hardworking as their parents. Those college graduates but are not professionals are considered working poor. Working poor is the most dissatisfied socioeconomic group in all countries.
Chefs may need to be imported too as young hkers don’t like frying food in hot kitchens. Nowadays many waitresses and chefs are new immigrants or ladies 60 years old or older.
They say the same things about young Canadians not wanting to work but the real culprit is the exponentially skyrocketing cost of housing and the fact that wages don’t pay enough to afford it anymore. AFAIK Hong Kong is in the top 3 cities with the highest rents in the whole world, but wages are still quite low. There are hundreds of thousands of HK born people coming to Canada for this reason and we have our own cost of living issues, so I can’t even imagine how bad it is there.
Chefs may need to be imported too as young hkers don’t like frying food in hot kitchens. Nowadays many waitresses and chefs are new immigrants or ladies 60 years old or older.
Umm...lots and lots of smaller food stalls are open by younger people. Not all of them survive but to say they don't "like frying food" is BS. You think it's all old peeps that open shops in Kwai Chung Plaza or some alleys in Mong Kok? But of course those younger peeps have to deal with insane rent (Was watching video the other day talking about how rent even in more "commoner mall" like Kwai Chung Plaza is not cheap).
At the end HK has always been about entrepreneurship and working hard - not about working for some big corporation getting treated like crap with pay that's nowhere enough to survive.
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