Reports of Hong Kong's 'death' greatly exaggerated
By Xin Dingding in Hong Kong | China Daily | Updated: 2012-06-28 08:15
In 1995, Fortune magazine famously predicted the death of Hong Kong.
"The naked truth about Hong Kong's future can be summed up in two words: It's over," read its cover story by Louis Kraar in June of that year. He concluded by saying the world would soon be "mourning the death of what had once been one of the world's great business cities".
Twelve years later, the magazine, which is based in the United States, admitted that, frankly, it had got it wrong.
Photo
