Since the global coronavirus pandemic ravaged the world from 2020, the economic devastation suffered by countries in recent years has gradually begun to recover. For example, the New York City Comptroller's Office recently (July 16) published a report indicating that from the perspective of employment, financial services and information technology sector growth, New York's economy has begun to rebound[1]. However, Hong Kong's economy appears to remain trapped in the shadow of the 2019 social movement and the 2020 pandemic, with employment and business environment still sluggish. This raises an inevitable question: why has Hong Kong's economic recovery lagged behind that of other countries?
An important reason why Hong Kong's economy has yet to warm up is precisely because since 2019, large-scale emigration waves have caused massive population outflows. Under the premise of one family having two or even multiple nationalities, the fruits of global economic recovery have failed to truly flow back to Hong Kong.
