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‘Involution’ Engulfs Hong Kong: The Triple Impact of Real Estate Debt, Talent Mismatch, and Consumption Outflow

By: Michael Ku

Date:

Hong Kong

Hong Kong is grappling with a severe real estate crisis and economic downturn.

‘Involution’ Engulfs Hong Kong: The Triple Impact of Real Estate Debt, Talent Mismatch, and Consumption Outflow

A woman pushes a cart with cardboard boxes in front of a vacant shop with posters of rental advertisements in the Kowloon district of Hong Kong on July 13, 2018. Philip Fong/AFP via Getty Images

Michael Ku

|Updated:

0:00

News Analysis

The phenomenon of “involution,” or “nei juan”—a Chinese buzzword meaning “inward curl” that describes intense competition to survive ongoing socioeconomic woes in mainland China—has rapidly rippled over Hong Kong.

Michael Ku

Michael Ku

Author

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