Hong Kong risks sinking into Venetian obscurity
Parallels with the once powerful Italian city-state are obvious
Victoria Harbor in Hong Kong, pictured in October 2020: the city would need to find a new source of investment quickly.
Andrew Hunt is CEO of Hunt Economics and former adviser to Dresdner Asset Management in Asia. Ben Ashby is a former managing director in JPMorgan's Chief Investment Office.
In Asia, many cities have been dubbed "the Venice of the East" by European travelers. The comparison can easily be seen as flattering, but the reality is more complex.
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