China and Hong Kong Property related
Hong Kong aims to reopen borders with China. (Also means China reopens yeah)
China has a population of 1.4 billion. if we assume just 3% of them would travel somewhere out of China, that’s 42 million people. It’s bigger than the whole population of Malaysia. Assuming each of these spending just RM200 per day and that’s a staggering RM8.4 billion. With a multiplier effect of 4, it’s RM33.6 billion to the world economy. Has China reopened? Not yet but they are indeed more open to reopening. Hong Kong’s leader John Lee announced that Hong Kong aims to reopen its border with China by mid-january 2023. Let’s read more.
