This analysis ignores the fact that the Hong Kong government is incompetent (the restrictions that worked were imposed on the government by social pressure) and the economy was already in a worsening recession because of months of police crackdowns against peaceful protest https://twitter.com/balajis/status/1256437972179668993 …
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If you want to cite an example of a competent government handling this situation in an economy-preserving way, look to Taiwan. Hong Kong is something different.
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