What’s next for Hong Kong after COVID-19?

    May 08, 2020 @ 01:24 PM / by Fred Schlomann

    blurred lighhts from peak Victoria, Hong Kong

    Blurred lights from Victoria Peak, Hong Kong.

    COVID-19 in Hong Kong: What's happening now?

    On Sunday, May 3, Hong Kong recorded no new cases of COVID-19 and 14 days straight with no cases of local transmission. As the COVID-19 crisis has begun to abate in the city, the protests that rocked Hong Kong for many months have begun to resurge. The big question is “what’s next for Hong Kong?”

    Starting in June 2019, pro-democratic protests have endangered Hong Kong’s long-standing reputation as one of world’s most stable, robust financial centers and dynamic international business hubs. Tourist activity, a mainstay of the Hong Kong economy, saw significant reductions; retail sales at all levels were substantially impacted. Businesses have suffered direct attacks and destruction for being the wrong color or in the wrong political camp, or making an unforeseeable mistake and drawing the ire of the protest movement deeming them to be unsupportive of the protest movement. The environment for businesses has become unpredictable, fragile and a politically charged minefield to navigate, and It remains so.

     

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    COVID-19 | Global Mobility Resource Center

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    Topics: Hardship, Global mobility, Hardship Evaluations, ALERT, Insights and Experience, Hong Kong, Coronavirus, COVID-19

    Fred Schlomann

    Written by Fred Schlomann

    As Managing Director of AIRINC Asia- Pacific, Fred has over 28 years of experience in the field of international human resources administration and consulting. His background includes Expatriate Policy Development, Expatriate Program Administration, and International Benefits Plan Design for Unisys Corp. Fred’s experience also includes International Personnel Administration for Goldman Sachs, and International Human Resources Consulting for Arthur Andersen. Fred received his B.A. in Economics and International Relations from Cornell University in 1980. Fred grew up in South America and speaks Spanish and Portuguese. Fred has worked at AIRINC for over 20 years, counseling Global 500 companies on designing, implementing, and managing compensation for their globally mobile employees.