Despite all of these absurd constraints on business, companies are bending over backwards to establish themselves in China, because the market is that huge and

Despite all of these absurd constraints on business, companies are bending over backwards to establish themselves in China, because the market is that huge and profitable. All of these points are great, but HK became wealthy as an intermediary between Asia and the West. Now it is losing what remains of that role. They will lose their high salaries not primarily because of the mainland's interference (although I'm sure it'll be huge factor) but for the same reason that wages are stagnating or dropping in the West. As time goes by there are fewer and fewer clear reasons why the average HKer will be worth a higher salary than so many other nations.