Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Hong Kong Is Finished: No More ‘Made in HK’, Foreign Funds Plummet by 70%, 17-Month Export Drop" video.

  1. 💔 The streets of Hong Kong are now devoid of iconic signboards, marking the end of an era of prosperity and a decline in import and export trade. 00:43 The total export value of goods in Hong Kong decreased by 5.3% in September, falling short of expectations. The value of imports in Hong Kong decreased by 0.4% in September, resulting in a tangible trade deficit. Hong Kong's total export and import volumes of goods decreased by 15.6% and 12.9% respectively comparing the first 9 months of 2023 with the same period in 2022. 💰 Hong Kong's financial centre is suffering from a decrease in IPOs and funds due to doubts about its future under Beijing's governance system. 04:28 Recent policies in Hong Kong raise concerns about moving towards a one country one system framework. The US Federal Retirement Thrift Investment Board is adjusting its benchmark index to exclude exposure to Hong Kong. Real estate prices in Hong Kong are plummeting, indicating a further depletion of funds in the market. 📉 Hong Kong's property market is experiencing a significant decline due to economic factors and a decrease in foreign investment. 08:34 Hong Kong's property market is expected to continue declining, with predictions of a 5% to 18% price drop. Goldman Sachs forecasts a 20% plummet in Hong Kong's real estate market in the coming years. Hong Kong's government is facing a record high fiscal deficit, with efforts to attract foreign investment yielding little success. 📉 The attractiveness of Hong Kong's investment immigration status to wealthy individuals from mainland China is likely to diminish significantly. 12:22 Between 2003 and 2015, about 90% of approved applications for Hong Kong's investment immigration were from Chinese nationals with foreign permanent resident status. Hong Kong's happiness index ranking has fallen to 82nd, significantly behind its major competitor Singapore and lower than mainland China, Taiwan, Thailand, Vietnam, and the Philippines. Since 2012, Hong Kong's happiness index consistently ranked lowest among the four Asian tigers, with high property prices being a major contributing factor. 📉 Hong Kong's status as an International Financial Center is diminishing, but it still serves as an outlet for domestic Capital flight due to the needs of CCP Elites and the bureaucratic system. 16:40 Since 2003, Singapore's per capita GDP has surpassed Hong Kong, leaving Hong Kong trailing. Hong Kong's function as an outlet for domestic Capital flight will likely be retained for a considerable period. The wealth flowing from mainland China to Hong Kong has increased by at least 3 to four times this year.
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