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Opinion

Hong Kong's troubles are deeper than even its own leaders realize

Social scars exposed thanks to Beijing's ongoing economic clampdown

William Pesek
| Hong Kong
The flags of China and Hong Kong against the city's skyline, pictured on June 30: what Xi is doing is simply not in the DNA of a city literally in the business of doing business.   © Getty Images

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades.

Hong Kong's wealthiest 1% are certainly enjoying a euphorically profitable COVID-19 pandemic.

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