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Do you have strong opinions about these letters or other aspects of the news? Share your views with us by emailing your letter to (email protected) or fill out this Google form. Submissions should be no more than 400 words and must include your full name and address, as well as a phone number for verification.
I am writing in response to Stephen Roach’s recent gloomy comments on the economic situation in Hong Kong (“Hong Kong government hits back after economist Stephen Roach gives advice to the city”, June 5).
Roach, a renowned economist and former chairman of Morgan Stanley Asia, has raised significant concerns about Hong Kong’s future in recent months, fearing a loss of political autonomy. economic problems on the Chinese mainland and the increasing tensions between China and the US as the main factors undermining the city’s prospects. He has described Hong Kong’s current development as highly uncertain and even claimed that “Hong Kong is over“.
His claims have provoked strong reactions from various quarters, especially from Officials from Hong Kong and Chinese state media. Many argue that Roach’s perspective is too pessimistic and fails to take into account the city’s resilience and ongoing economic activity. For example, despite global market uncertainties, Hong Kong was still the fifth-largest IPO market globally in 2023, ahead of financial centers such as Japan, according to PwC’s Global IPO Watch 2023.

Roach’s view of Hong Kong is deeply shaped by his own experience of the city’s economic peak. During his time at Morgan Stanley, Roach witnessed Hong Kong’s remarkable boom years, which were marked by rapid economic growth, thriving international trade and a robust financial sector. The city’s dynamism and strategic location as a gateway to mainland China made it a global power.

In recent years, however, Hong Kong has faced significant economic downturns, exacerbated by political instability, the economic malaise in mainland China, and rising tensions between China and the United States. This dramatic shift from prosperity to uncertainty has led Roach to take a more pessimistic view, as he now sees these challenges as a potential threat to the city’s future stability and growth.

However, I believe that such views do not reflect the city’s true economic vitality. One should not underestimate the tenacity of Hong Kong’s talent and the resilience of its people. Their drive to succeed and ability to innovate in the face of adversity remain powerful forces that will continue to drive the city forward and ensure it maintains its global competitive edge.

While it is important to acknowledge the challenges highlighted by Roach, it is equally important to recognize the progress Hong Kong continues to make despite these obstacles. The city has successfully overcome adversity throughout its history. Its ability to adapt and innovate should not be underestimated.

Martin Cheng, Kowloon City

Are we marketing Hong Kong correctly with the mega-event offensive?

Having worked in advertising and marketing for most of my life and experienced the rollercoaster ride of life in the ever-interesting Hong Kong, I wonder if we have perhaps lost our bearings and lost sight of what this city really needs.

There seem to be many major events, but others have askedCould less be more? (“Quality is more important than quantity at major events”, June 9). Could we achieve more relevance and less randomness, thus avoiding events that come and go and lack sustainability?

Without turning this into a tome or a treatise on the basics of marketing, do those who want to make Hong Kong “mega” know who they are talking to and are not simply firing blanks and missing the primary targets?

Or are we happy when we just talk to ourselves?

Hans Ebert, Wan Chai

The BJP was undoubtedly the biggest winner at the ballot box

I refer to the letter“Narendra Modi’s BJP has won a victory that feels like a defeat” (June 7). Such articles are published after Modi’s party won 240 seats although a profit of over 300 was expected.
We should note that in the Indian lower house (Lok Sabha) the halfway mark for A The simple majority is 272 seats and no other party has achieved even a three-digit amount in this election. Congress Party had the most seats of all, with 99. And the opposition coalition, which Indian National Development Alliancereceived 232 seats. By comparison, the BJP’s coalition government won 293 seats, far more than the 272 needed to form a government. It is therefore the clear winner.

Yet your correspondent believes Modi should resign. What is the logic behind this? Modi is a world leader and his achievements as Indian Prime Minister over the past decade are enormous – the list is too long to mention here.

By the time this letter is published, I am convinced that Modi will already took the oath as Prime Minister for a third term.

Dipak Kumar, Hung Hom

Warmongering at D-Day event inappropriate

The commemoration in Normandy of 80th anniversary of D-Day It was about commemorating the heroes who lost their lives in World War II, a war in which it is estimated that over 55 million people lost their lives.

We vow that such a tragedy must never happen again. At the same time, we are shocked when speeches draw comparisons with the war between Russia and Ukraine and various heads of state vow to continue to fuel this war with more money and weapons.

If this senseless escalation continues, it could cost many times the number of lives lost in World War II. American and European leaders should organize a referendum so that their peoples can have their say on this.

Michel Demuynck, Discovery Bay

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