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Al Jazeera
Al Jazeera
Business

As China tightens grip, Hong Kong’s luster as ‘world city’ dims

Hong Kong China United States Joseph Michael Davis Beijing Al Jazeera John Lee Covid-19 University of Hong Kong
Hong Kong's status as an international financial and business centre is in doubt like at no point since its return to China in 1997 [File: Tyrone Siu]

Hong Kong, China – German entrepreneur Joseph loved his life in Hong Kong. When not tending to his logistics company, he would enjoy strolls along the waterfront promenade, weekend brunches in the upscale Soho district and foot and back massages to relieve the daily stresses of life.

But less than two years after setting up his business in Hong Kong, Joseph in January decided he could see no future in the city and relocated to Singapore.

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