Protesters take a break outside a real estate agency office during a rally in Hong Kong on August 3. Photo: EPA-EFE

In China, Hong Kong youth can live free – from the property cartels

China may have a lot to learn in terms of media openness. But, by keeping living costs under control, the nation has given ordinary people a degree of social liberty

Topic |   Hong Kong protests

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Protesters take a break outside a real estate agency office during a rally in Hong Kong on August 3. Photo: EPA-EFE
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Illustration: Craig Stephens
Andy Xie
Opinion

Opinion

Andy Xie

To restore peace to Hong Kong, big business, developers, homeowners and the taxman must all accept the pain of drastic economic reform

  • High land prices, the currency peg and low taxes are flaws in Hong Kong’s deeply unfair economic system, which needs to be overhauled
  • Big businesses and existing homeowners are among those who must make painful sacrifices if the city’s problems are to be solved

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Illustration: Craig Stephens
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