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> Hong Kong was ahead of the rest of China since they have been living pretty liberal under UK rule and were more prosperous. No. HK people are not enjoying en
by justicezyx 7y ago
> Hong Kong was ahead of the rest of China since they have been living pretty liberal under UK rule and were more prosperous.
No. HK people are not enjoying enough middle-class comfort and prosperity.
Precisely, HK's income inequality is even worse than mainland China (0.537 vs. 0.467). And because HK has historically been more liberal, it's a subject of many rich and powerful, especially the demand from mainland people drives the real estate price even further [3].
HK's violent street protest is because there isn't a strong and significant middle class group. Otherwise, we all know for sure that middle class are never politically radical, nor are they willing to sacrifice their livelihood for the so-called freedom.
[1] https://www.hongkongfp.com/2017/06/09/hong-kong-household-income-inequality-rises-record-high-census-shows/ https://www.hongkongfp.com/2017/06/09/hong-kong-household-in...
[2] https://www.statista.com/statistics/250400/inequality-of-income-distribution-in-china-based-on-the-gini-index/ https://www.statista.com/statistics/250400/inequality-of-inc...
[3] https://www.cnbc.com/2018/12/17/correction-not-a-crisis-in-hong-kong-property-market-investor-says.html https://www.cnbc.com/2018/12/17/correction-not-a-crisis-in-h...
- tempguy9999 7y ago> HK people are not enjoying enough middle-class comfort and prosperity. > Precisely, HK's income inequality is even worse than mainland China I'm not claiming you are wrong but inequality may not be tied to prosperity directly. For example, I have £10,000,000 and all the people on my street only have £1000,000. That's high inequality. Someone in rural china has RMB 2,000, the rest of the village has RMB 1,000 Much less inequality but I'd prefer the former to the latter.
- justicezyx 7y agoI was not clear. Inequity + high commodity price (housing being one of the most important foundation of comfort) translate to majority of the population are suffering.