On the surface, Hong Kong seems in order despite months of anti-government protests. But it’s not quite business as usual
from messy Mumbai, on the surface Hong Kong seems, despite months of anti-government protests, in order. Busy shops, clean streets, trains that run on time—or at all., the 118-year-old electric utility, has just moved from its old headquarters in Kowloon to a new one over a shopping mall . Both digs are to be redeveloped. Business as usual, then?
Not quite. Two French bakeries that popped up after your correspondent left in 2011, to ride Hong Kong’s surge as Europe flailed, have shut. The owners felt the tide had turned. A recent graduate from Canada, who grew up in the territory, notes how hard it is to get a job. Hong Kong is in recession . Hiring has slowed, particularly by confused multinationals. People, he says, are leaving. Millennials with work offers elsewhere are not returning.
A Hong Kong tycoon of Indian descent says that if he were young, he might move back to his ancestral land. His children are now at the age when in years past the Sassoons, an Asian trading dynasty, would dispatch them to entrepots to advance the family concern. They are choosing to stay put—because India, the obvious destination, has disappointed too much. Hong Kong’s disappointments have not made it unlivable.
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