Hong Kong is one of the premier destinations in Asia. This former British colony is a popular business hub and tourist destination by both local and foreign visitors. With its lively night market and street stalls lining its busy city streets, Hong Kong life is alive and booming. It is a vibrant city full of exciting things to do. You will never run out of things to do and discover, whether it is to learn more about its history, culture, and famous tourist attractions, this tiny little hub is a delicate balance of Asian and Western culture, hence earning itself the title where “East meets West.” But even with its strong Western influence, Hong Kong managed to maintain its local Chinese roots despite their fast and modern lifestyle. But more than that, Hong Kong is known as the leading financial center in Asia. Most major banks have offshore offices here aside from the Hong Kong currency being one of the most traded currencies worldwide. Moreover, the Hong Kong port is one of the largest and busiest in the world. Those are just some of the juicy facts about this most sought after destination in Asia but with economies suffering today, is the magic still alive in Hong Kong or is it just but a shadow of its former self?
(Via: http://www.arabnews.com/node/1086401/world) Like any other nation in the world, Hong Kong’s economy is likewise suffering. Businesses can feel the threat of “imported inflation” among many other things. Even the economists brace for a tough year in Hong Kong this 2017 as the slowing private consumption, pressure from weak exports and a slumping property market continues to threat this city-state’s struggling economy. Even the happiest place on earth is not immune to this slump.
While the future does not look that bright and promising to everyone in Hong Kong, they are not the only one suffering. Other economies are in a slump too and many global brands are likewise closing stores all over the world. The rise of e-commerce may be partly to blame but we can expect a rise in the unemployed once this trend persists. So, it is not so bad in Hong Kong after all. The magic may not be as bright and blinding as it was once in the past but there is still a glimmer of hope that it will come back to its former glory if Hong Kong can just manage to keep its act together until that time comes. Is The Magic Still Alive In Hong Kong? Read more on: https://chrdnet.org/ from https://chrdnet.org/2017/06/06/is-the-magic-still-alive-in-hong-kong/
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