Hong Kong has what it takes to bounce back. We just need to pull together
In hindsight, the phenomenal numbers notched up in 2018 can hardly be healthy or sustainable, considering the small size of the city, the paucity of attractions and the lack of diversity of tourists.
The sky-high spending of mainland Chinese tourists on luxury products skewed the local economy, bringing outsized profits to landlords and luxury retailers, but took away any potential incentives for locals to upgrade services or bring in innovative shopping and dining experiences.
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