ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Opinion

Win or lose, new bets against Hong Kong's peg should worry Xi

Stresses on city's economy are not going away

| Hong Kong
The odds of a market-shaking change in Hong Kong currency policy are declining, not rising.    © Reuters

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

Just about nothing is going right for Chinese President Xi Jinping's economy this year: Growth is the slowest in 30 years, stocks are cratering, capital is fleeing and the country's zero-COVID debacle is fueling the boldest protests seen since the students took to Tiananmen Square in 1989.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more