People figure out how to adjust to it..
if we look around hk, there are still tonnes of people using their tissue or some keys to press the lift button and open doors..
there are still tonnes of people taking out their hand sanitizer immediately once sat down in a restaurant
there are still numerous people wearing outsized glasses (when they previously were on contacts)...
even though most says they would love to go japan for a trip ..
But people adjust..
what we can see:
- expensive restaurants are getting booked.. some of them you can barely get a seat a month beforehand (when their booking opens)
- expensive watches are being snapped up. we are not even talking about the rolex sports model (which are entirely OOS at the AD)... the diamond datejust or blinging oyster perpetuals, the AP code 1159 etc, are all getting snapped up at the stores...
So spending habit changes.. the hkers are finding new ways to spend their money and adapt to the lockup..
If choosing between this way of spending or spending on trips, but face with some risk of infection, i think quite a large chunk would not mind staying in this safe little cell when they can showoff their Hermis and Rolex and PPs.
Meanwhile in real world HK and not in @freeier's strange fantasy, poverty has severely increased among HK's population because of Covid:
https://hongkongfp.com/2021/11/11/nu...-figures-show/
Yes airlines and couriers will move pilots overseas, but the big banks are not going to leave. The expat staff of the big banks may indeed leave, but there are plenty of ABC, overseas Chinese and local options to replace these expats.Original Post Deleted
If the airlines and couriers scale back their operations in Hong Kong, this is exactly the kind of progress that the mainland would like to see, with mainland airlines and couriers accelerating their market presence in Hong Kong and using Hong Kong as a springboard to develop their multinational enterprises. For China, this could not be better, as the employees of these companies would not have much to say and the government would no longer have to be under pressure from foreign chambers of commerce and foreign governments.
The poverty line in Hong Kong is calculated using the concept of "relative poverty", using 50% of the median monthly income of all households in Hong Kong (before policy intervention, i.e., income after social welfare) as the poverty line.
This means that this line is not an absolute concept. The latest figures reflect more that the rich are getting richer, a consequence of the increased global money supply in the face of the pandemic, not unique to Hong Kong, but a worldwide problem.
Then isn't it even clearer...
The poor are not going to complain about the closing of the border or the long quarantine.. they are not affected by it..
The rich, who are getting richer because of the consistently increasing real estate prices, will just find new way of spending their money.. they can complain but they are happy when they see some new shinny assets or when they can insta their latest outing at a 6000 hkd omakase...
If you go on government website to check on quarantine hotels, the first to go are always the suites and expensive rooms at MO.. instead of the cheaper sensible ones...
Yep and it's been expanding. The 'cost' of doing business within HK is probably just too high.Original Post Deleted
https://fedexbusinessinsights.com/as...north-america/