Are you saying China DIDN’T aggressively take over Hong Kong and all of the businesses that operated there?
Uh, i kinda am, yeah.
Last time I checked, Hong Kong is still a tax haven in the middle of Asia. Western companies are still opening offshore subsidiaries and bank accounts there to engage in tax evasion, and the welfare system is still as pitiful as it was before China took over.
Retirees living in literal cages or under bridges is still common, and the same 3-4 families that ran Hong Kong’s banking, industry and real estate are still in control like they’ve always been.
China took control of Hong Kong on paper only. By any economic metrics, everything stayed the same.
Uh, i kinda am, yeah.
Last time I checked, Hong Kong is still a tax haven in the middle of Asia. Western companies are still opening offshore subsidiaries and bank accounts there to engage in tax evasion, and the welfare system is still as pitiful as it was before China took over.
Retirees living in literal cages or under bridges is still common, and the same 3-4 families that ran Hong Kong’s banking, industry and real estate are still in control like they’ve always been.
China took control of Hong Kong on paper only. By any economic metrics, everything stayed the same.