4 ms·
That's in GDP terms. But lots of money flow through Hong Kong. If HK was to fail and get disconnected, China will lose a significant portion of their exports. H
by csomar 6y ago
That's in GDP terms. But lots of money flow through Hong Kong. If HK was to fail and get disconnected, China will lose a significant portion of their exports. Hong Kong imported around $264bn of products from China. These are unlikely going to HK mainland but rather re-routed to other parts of the world.
It doesn't help that China is in bad terms with the U.S. and India. India is on track to become the third-world economy. China is gradually isolating itself from the rest of the world.
- redis_mlc 6y ago> Hong Kong imported around $264bn of products from China. HK has a trade tax loophole with the US that Trump is cancelling, just like the postal subsidy. #MAGA
- apexalpha 6y agoJust because HK couldn't facilitate it anymore doesn't mean the world will stop buying $260bn worth of goods and services. It would just be 'rerouted'.