Economically, as China Goes, Hong Kong Now Goes

Outlook for 2024 dragged down by tight mainland links

By: Toh Han Shih

When mainland China’s economy is doing well, Hong Kong’s close links to the mainland are a blessing, since China’s economic growth drives Hong Kong’s. But when mainland China’s economy goes sour, Hong Kong’s close ties with the mainland becomes a bane according to a wide array of financial reports, with the city’s financial sector increa…