Hong Kong Is Over Unless China Fixes Own Economy, Roach Says
- Former Morgan Stanley Asia chair argues city rapidly declining
- Slew of prominent people in Hong Kong dismissed the view
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China must fix its economy and let Hong Kong run itself if it wants a better future for the financial hub, former Morgan Stanley Asia Ltd. chair Stephen Roach said, after a pessimistic column he wrote sparked an uproar.
“The most important thing Beijing can do is, number one, fix its own system,” Roach, a senior lecturer at Yale University, told Bloomberg Television on Wednesday.