The suspension of the Biontech vaccine has been an extremely disappointing setback and the deaths from the sinovac vaccine does not seem to re-assure anyone either. It seems that everything that could go wrong in a vaccination campaign has gone wrong PR wise and there is honestly little incentive to get a jab with urgency and as the days go by I start to see the argument from the "wait-and-see" crowd.
Many industries have been heavily affected since mid-2019 when the protests started and they haven't had a break in what would be close to two years by summer. Almost half of all bars in Hong Kong are going under and many sectors of the economy have taken a hit (maybe with the exception of finance, bonuses have been through the roof). In the US and UK vaccination numbers have been setting records day after day and the hope is that a critical mass can get vaccinated from now till the end of summer so that winter will not be as brutal as the past year's (in the hopes that there would not be a fall/winter surge with herd immunity). While they may have stumbled hard in the beginning they have finally got their act together recently and seem to be doing quite well.
Unfortunately, with the rate of current vaccinations, it does not seem that Hong Kong could be afforded this luxury. With the current state of affairs, it seems very improbable that a critical mass could be inoculated by the end of summer. By then, we may have had the 7th or 8th wave in the fall (probably the only place in the world for that to happen). If that were to happen, it would not be far fetched to think that covid would only start to recede in the turn of Spring for 2022 (basically exactly one year from now). What was heralded as a success story by the international press in the first 2-3 months of covid ultimately turns into a covid laggard, only coming out of the pandemic after most developed countries have recovered and on-pace with developing regions like Africa and LatAm (but they were unable to procure vaccines while HK had).
To myself, the short and medium term future seems quite bleak in terms of social life and economic prospects. With the anticipation of a post-covid economic boom once enough places achieve herd immunity I am afraid that Hong Kong may still be stuck in mandatory quarantine and social distancing regulations. Maybe I am presenting a bearish case? It seems hard pressed to find any optimism right now.