Source:
https://scmp.com/comment/letters/article/2048658/stamp-duty-hike-raises-fears-hong-kong-does-not-know-where-it-going
Comment/ Letters

Stamp duty hike raises fears that Hong Kong does not know where it is going

The Hong Kong government should reverse its stamp duty increase. Photo: Dickson Lee

We all know and regret that the Hong Kong government has been frozen in the headlights of local political issues. But it must look beyond these local minor issues – by minor, I mean that the real authority in Beijing will not tolerate any attempts to challenge its authority – and rightly so.

Hong Kong must move forward and find a new raison d’être – the city is no longer a manufacturing centre, nor does it have an unchallenged entrée to China.