When it comes to bad prognostication, no one can beat Fortune, which came up with the mother of all “Hong Kong is doomed” narratives. In June 1995, the magazine ran its infamous “The Death of Hong Kong” cover story, predicting its demise following the 1997 handover to China. Stephen Roach, veteran China watcher and former…
A senior Hong Kong finance official has hit back at criticism of the city’s prospects as “bias against China”, following a recent commentary by a prominent US economist who asserted that “the Hong Kong of old is over”. The government’s rebuttal did not directly name any specific critic but was published after American economist Stephen…
For decades, warnings of Hong Kong’s terminal decline have arrived in periodic waves. When Stephen Roach, the former chairman of Morgan Stanley Asia, ignited a firestorm with his February 2024 assertion that “Hong Kong is over”, he pointed to a toxic cocktail of domestic and external pressures. Roach, who doubled down on his “wake-up call”…