Hong Kong is still China’s financial gateway to the world. What happens if the West pulls back?

Ever since the enactment of the Hong Kong National Security Law, the city has changed beyond recognition.

The Hong Kong Dollar: Quenching China’s Thirst for US Dollars

Despite its rapid economic growth, China is gradually running short of U.S. dollars. Demand for U.S. dollars is rising domestically and overseas, in particular, for funding investments under the Belt and Road Initiative. Meanwhile, the supply is contracting with the escalating U.S.-China trade war and relocation of supply chains out of China. In March 2018, China recorded a current account deficit for the first time.

Hong Kong as China’s Center for Quality Control

The recent fraud committed by Luckin Coffee Inc. has raised doubts internationally about the accounting standards in China.

This article was written by Simon Shen

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