https://www.scmp.com/rss/513676/feed Gary C. Y. Ng is senior economist for Asia-Pacific thematic research at Natixis and a research fellow at the Central European Institute of Asian Studies (CEIAS). He analyses macro-economic trends and brings a unique perspective on the inter-linkages with different asset classes, sectors and government policies. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The Hong Kong government has rolled out yet another campaign to stimulate consumption, focusing this time on the night economy. It is unclear where this idea came from, but officials have once again failed to address the structural issues of the city’s tourism industry and economy. After three years of Covid-19 restrictions, Hong Kong is no longer a city that never sleeps: there are fewer people on the streets, and more restaurants and shops close early. The “Night Vibes Hong Kong” campaign... https://www.scmp.com/comment/opinion/article/3235224/will-boosting-nightlife-really-save-hong-kongs-tourism-industry-and-revive-economy?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3235224/will-boosting-nightlife-really-save-hong-kongs-tourism-industry-and-revive-economy?utm_source=rss_feed Thu, 21 Sep 2023 06:45:19 +0000 Hong Kong is still in its labyrinth of Covid-19 restrictions as the world moves forward, though it is no longer 2020 and the whole world is not under lockdown. Now, its regional peers are moving swiftly towards normalising economic activities. With the high economic stress and low mortality rate from Covid-19, it is not only more urgent but also more feasible than ever for Hong Kong to fully reopen. The “3+4” scheme was an encouraging step, but nothing will change as long as inbound quarantine... https://www.scmp.com/comment/opinion/article/3192745/why-hong-kongs-full-reopening-will-be-chinas-best-interests?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3192745/why-hong-kongs-full-reopening-will-be-chinas-best-interests?utm_source=rss_feed Mon, 19 Sep 2022 07:30:11 +0000