Hong Kong's financial decline due to Beijing's rule leads to increased Chinese gold demand.
Beijing's oppressive rule has led to Hong Kong's decline as a financial and commercial hub, causing a surge in Chinese gold demand as citizens protect assets amid a volatile stock market and depreciating yuan. Hong Kong enjoyed civil liberties under British rule, which were vital to its prosperity, but since China's takeover in 1997, the Chinese Communist Party has failed to uphold promised political freedom.
May 20, 2024
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