Hong Kong must go back to basics to overcome its structural challenges

Vincent Lo says Hong Kong must change, or be changed by external forces, in the face of a web of social, political and economic challenges. It's time to recall our fine tradition of pragmatism

Hong Kong is facing a very critical juncture in our political, democratic development. The city is increasingly being marginalised as a result of the rapid changes around us, generating deep-seated social, economic and political problems.

Former premier Wen Jiabao first coined the term "deep contradictions" to describe Hong Kong's situation. As Professor Richard Wong of the University of Hong Kong elegantly puts it, the source of these deep contradictions arises from Hong Kong's "dual integration" process, which refers to "the product of having to adjust from being integrated with the global market economy to being integrated with both the mainland and the global market economy".

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