The positive steps seen in recent weeks offer hope, but the primary driver of the Hong Kong economy is the mainland, and anything less than free movement across it will leave an anaemic recovery. Why not ring-fence Hong Kong, Macau and the rest of the Greater Bay Area and make them a discrete area exempted from national quarantine and lockdown rules?
While Hong Kong keeps chasing the goal of “zero Covid”, its peers and competitors are moving on and normalising economic activity. Fully reopening is more urgent and more feasible than ever, and doing so will be to both Hong Kong and China’s great benefit.
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