Hong Kong, a bustling metropolis known for its vibrant culture and bustling economy, has been facing some challenges in recent years. The national security crackdown and COVID-related controls have taken a toll on the city’s economy, causing a decline in tourist numbers and leading to many locals and expats leaving the city. In an effort to revive the economy, eight Chinese cities have joined a program allowing their residents to travel to Hong Kong on their own, rather than as part of a tour group.
The Individual Visit Scheme, which began in 2003 as part of a cooperation agreement between mainland China and Hong Kong, aims to boost the city’s economy by allowing Chinese residents to apply for individual travel. So far, 51 cities have joined the program, and now, Taiyuan, Hohhot, Harbin, Lhasa, Lanzhou, Xining, Yinchuan, and Urumqi will also be part of this initiative.
Hong Kong city leader John Lee expressed his excitement about the addition of these eight cities to the program, stating, “These cities are all provincial capital cities with large populations, significant economic growth, and high spending power.” This move is expected to bring in a significant boost to the city’s economy, which has been struggling due to the pandemic and political tensions.
Despite recent official figures showing a 2.7% growth in the first quarter compared to the previous year, the city’s businesses have been feeling the impact of the pandemic. Shopping malls, once bustling with activity, are now described as “dead” with low foot traffic and shops covered with “for lease” or “coming up soon” signs. This has been a cause of concern for many local businesses, with one lawmaker revealing that over 20,000 companies have deregistered in the first quarter of 2021, a 70% increase from the same period last year.
The decline in the city’s economy can be attributed to the national security law that was imposed by China in 2020, following months of pro-democracy protests in 2019. In March 2021, another set of security laws were enacted, which have been criticized by some foreign governments for undermining rights and freedoms. However, both the Hong Kong and Chinese governments have repeatedly stated that these laws have brought stability to the city.
With the addition of these eight cities to the Individual Visit Scheme, Hong Kong can expect an increase in tourism and spending, which will greatly benefit the local economy. Chinese tourists are known for their high spending power, and this influx of visitors is sure to bring a much-needed boost to the city’s struggling businesses.
Moreover, this initiative will also provide an opportunity for these eight cities to experience the unique culture and attractions of Hong Kong, which will not only benefit the city’s economy but also promote cultural exchange and understanding between different regions of China.
In conclusion, the addition of these eight cities to the Individual Visit Scheme is a positive step towards reviving Hong Kong’s economy. It is a testament to the strong cooperation between mainland China and Hong Kong and a sign of their determination to overcome the challenges faced by the city. With this program, Hong Kong can look forward to a brighter and more prosperous future.
