Why economic recovery is a clouded prospect for HK
Tom Holland (SCMP)
September 23, 2009
As silver linings go, it came with a mighty big cloud. Last year, just as the world’s economy went into a tailspin following the implosion of United States investment bank Lehman Brothers, the skies over Hong Kong miraculously cleared.
It was thin cheer to our newly jobless legions of bankers, supply-chain managers and construction workers, but after years of barely being able to see the other side of the harbour through the foul murk hanging over the city, suddenly Hong Kong was enjoying bright sunshine, crystal blue skies and unimpeded views of distant hills…
