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Hong Kong's pain is Shenzhen's gain

Former British colony relegated to second-tier economic status

| Hong Kong
The financial district of Hong Kong, pictured on Mar. 11; an economy reliant on finance is bad for society.   © Reuters

Simon Cartledge is the founder and owner of Big Brains, a Hong Kong-based research and publishing company and is a former Asia editor-in-chief of the Economist Intelligence Unit. He is the author of "A System Apart: Hong Kong's Political Economy from 1997 Until Now."

Hong Kong is hurting. The relentless assault on the city's long-standing freedoms might be the most visible aspect, but its economy is also suffering.

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