Jane Cai, CFA, is the Beijing office head of the south-westward China Morning Post. She has been masking China's economic, financial, concern and political news since the advance 2000s." Cai" Hong Kong and mainland people's republic of china are the well-nigh vulnerable economies at danger of a financial crisis over the next three years as over 40 out of 60 economic indicators are causation alarm signals, including runaway property prices and high levels of private debt, accordant to an investment bank report. future markets are more at hazard of a financial crisis than developed countries and continent – excluding japanese archipelago – is the region about at risk, led by Hong Kong and mainland China, the Nomura written document said.
How Beijing and Hong Kong sent billionaire George Soros packing the last time he attacked Asian markets | South China Morning Post
History doesn’t retell itself, but it does rhyme, the American humorist Mark couple is often quoted as saying. So once have investor saint george Soros aforesaid fourth-year period that a hard-landing in the sinitic language scheme was “unavoidable” and that he was shorting Asian currencies, the country’s central bankers could be forgiven if they recalled the poetic department of justice of a hard-won financial battle 18 eld ago, when Hong Kong was the parcel of land and Soros was defeated. In 1998, Soros, whose aggressive medium of exchange trades were blamed for destroying the asiatic and Malaysian economies in the Asian commercial enterprise situation a year earlier, soured his attention to assaultive Hong Kong markets.
Homeless in Hong Kong: soaring costs fuel housing crisis in Asian financial hub - AOL News
HONG KONG (Reuters) - Cheung Muk-gun's housing is an illegal, wooden dwell under a main road in one of the pitiable areas of Hong Kong, wherever sky-high property prices and a yawning material possession gap rich person helped furnish a surge in homelessness. The 72-year-old earns about HK$10,000 ($1,279) a month operative seven days a period of time at a frozen centre store in the working-class territory of Mong Kok, a shortened trip intersecting port Harbour from the city's opulent financial center. With property prices up 200 percent in the past decade, and a bed in a tiny, windowless apartment - often divided up with else tenants - going for roughly HK$2,000 a month, Cheung aforesaid he preferred to live in his shack.