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Hong Kong’s zero-Covid approach frustrates businesses, says analyst

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An analyst said that Hong Kong’s zero-Covid policy is the biggest problem for foreign companies operating in Hong Kong.

The city maintains strict Covid measures – with up to three weeks of mandatory quarantine and other testing requirements — even as authorities elsewhere have loosened similar restrictions.

Asking how local politicsCovid measures and confidence affect Hong Kong business, according to Big Brains Publishing and Research Company.

“I think it’s more frustration at the moment in Hong Kong, especially among foreign businesses … keeping up with its zero-Covid strategy — and its announcement that it’s going to open to [the] rest of China before it opens to the rest of the world — which is making things pretty frustrating for the business executives here, and their families and their general lifestyle,” Simon Cartledge said.

He said, “It has been a long while.” It’s difficult to travel.

Hong Kong authorities and those on the mainland worked together towards establishing quarantine-free travel between the two regions. China is also home to a zero-Covid strategy.

Hong Kong will be back in action this week tightened measuresGlobally, omicron case numbers rose.

Despite the low incidence of cases in Asia, the city has maintained its zero-Covid strategy. According to Our World in Data, the city had a 7.7-day average number of cases per million residents as of December 19, compared with 1.14 in Japan and 66.75 in Singapore.

In the beginning, governments across Asia-Pacific including New Zealand, Singapore and New Zealand took a tough approach to the pandemic by imposing tight controls and locking down the region. Many countries have since changed their ways. to a “living with Covid” approachAs vaccination rates have increased.

However, Allan Zeman (chairman of the property developer Lan Kwai Fong Group) argues that Hong Kong has remained safe because Covid rules are very strict.

But it’s worked backwards, Hong Kong has been able to move freely on the streets. Everyone must wear a mask. He said that it was very, very important. “I feel that in general we are safe. It’s different than the horror stories I see in the United States and Europe right now.”

Many cities across Europe are reintroducing restrictions. The U.K. is seeing a doubling of cases every other day as London hospitalizations rise. The U.S. Centers for Disease Control and Prevention announced Monday that omicron was now considered to be the most serious form of a microorganism. dominant Covid strain in the United StatesThis represents 73% of all sequenced cases. The average daily New York City case count has more than doubled in the week that ended Friday December 17.

Zeman claimed that consumers have been spending more in recent months because there are fewer visitors to the area. Hong Kong’s retail sales climbed for the ninth straight month in October, rising 12% from a year earlier to 30.7 billion Hong Kong dollars ($3.94 billion), government data showed in November, according to Reuters.

At the “Five Eyes”,

Zeman was one of the candidates in the elections to Hong Kong’s Legislative Council this week. He defended the changes and attacked intelligence-sharing countries “Five Eyes”, which were criticizing them.

The Five Eyes allianceThis includes Australia, Canada New Zealand, Australia and the U.K. issued a statement on MondayExpriming “grave concern” over the loss of democracy in Hong Kong’s electoral process.

The Hong Kong Legislative Council was previously elected directly by half the Hong Kongers. New rules have changed this. about a fifth were. An Election CommitteeThe Council now has almost half of its members who were previously limited in power, with the rest being hand-picked by it. screens anyone who wants to run for the other seats.

Zeman lost his race, but he works as an economist for Hong Kong Chief Executive Carrie Lam. He said that he would defend Hong Kong and say Five Eyes should focus on their countries first. This is the system that I think can really work in Hong Kong.

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