China booming,Hong Kong dying

Before 1997, many people in Hong Kong feared that communist would kill the capitalism of Hong kong. Now almost ten years of takeover, changes really taking place, Hong Kong people become poor. But the real problem is not the killing of capitalism of Hong Kong, but the introducing of Capitalism to China. Hong Kong businessmen moved the money and investment back to China,because of lower labour cost, so Hong Kong is losting money and investment.The stock markey still good, or better, because of the listing of China enterprise, but overall, Hong Kong becomes poor.Now some Hong Kong people want the Communist.One of my friend,an owner of a small shop, say that Communism should be introduced. then he can no longer worry about the rent and the profit.

Very crazy.Can we find similiar example in world city.A city died because other parts of the country grew.

It is very common one edge of a country becoming poor when other parts of the country are geting rich. The hong kong now is not the center of china or the region. As Chine becoming more advanced many other cities are want to become economy centers. The fact is that Hong Kong has a little competition. I don.t believe that ever Hk will become worthless as a economy capital.  It is just have less investmens coming there because of the growing of many cities in the region.

After all it is a fact that everything has the Peak and the fall