{"id":5352,"date":"2024-06-12T15:32:42","date_gmt":"2024-06-12T07:32:42","guid":{"rendered":"https:\/\/www.boasecohencollins.com\/?p=5352"},"modified":"2024-06-12T15:32:43","modified_gmt":"2024-06-12T07:32:43","slug":"keeping-our-recovery-on-track","status":"publish","type":"post","link":"https:\/\/www.boasecohencollins.com\/zh-hans\/%e7%bd%91%e8%aa%8c\/keeping-our-recovery-on-track\/","title":{"rendered":"Keeping our recovery on track"},"content":{"rendered":"\n

London, 12 June 2024: <\/strong>The world\u2019s longest railway trip without changing trains<\/a> is from Moscow to Pyongyang, a distance of 10,214km. The service runs once a week, covering sections of the famous Trans-Siberian line. You have plenty of time to admire the scenery, given it takes almost eight days. The famous Indian Pacific service between Sydney and Perth, meanwhile, remains a test of endurance even at half this time. Clocking in at three days is the spectacular journey from Toronto to Vancouver.<\/p>\n\n\n\n

By comparison, a 12-hour overnight trip from Hong Kong to Beijing is a sprint. Ditto the journey to Shanghai, an hour faster. The new high-speed sleeper services<\/a> operated by China Railway will begin this Saturday evening, replacing the traditional \u201cthrough train\u201d which ran to the two mainland cities pre-pandemic and took almost twice as long.<\/p>\n\n\n\n

Transport minister Lam Sai-hung is buckling up<\/a> for a \u201cmemorable trip\u201d, having snared a bed on the first Beijing-bound express. Services to both cities will run once a day from Fridays to Mondays, although this could soon be seven days a week if demand is high. In a possible pointer, tickets for the first three trains to the capital sold out in hours. Certainly, Lam sees \u201cgreat potential\u201d for attracting business travellers and tourists. Our leader John Lee is another fan, urging all sectors of society to \u201cseize the opportunities\u201d that stem from enhanced connectivity with the mainland.<\/p>\n\n\n\n

The new train service is timely, given that our citizens are relishing the chance to travel in the aftermath of Covid. Residents have made some 74.6 million outbound trips<\/a> via Hong Kong\u2019s land boundary checkpoints with mainland China and Macau in the past 12 months, amounting to roughly 10 per person. Shopping and entertainment are the main attractions, we are told. Commerce minister Algernon Yau attributes this trend to the growth of the Greater Bay Area, the economic and technology superhub comprising Hong Kong, Macau and nine cities in Guangdong Province. He insists the imbalance with mainland arrivals \u2013 just 28 million over the same period \u2013 is not a major concern since our city \u201chas long been recognised as an events capital\u201d. Hmm.<\/p>\n\n\n\n

Those heading north include 100 students on a government-funded internship programme in Shanghai. Forget the sleeper train, though, these bright young bucks have just enjoyed the debut commercial flight<\/a> from our city by China\u2019s first home-grown narrowbody passenger jet, the C919. Reason to rejoice, according to government No.2 Eric Chan, citing the flight as \u201ca good example of patriotic education\u201d. More pertinently, Cathay Pacific is taking note<\/a> of the airliner, produced by the state-backed Commercial Aircraft Corporation of China, with CX chief executive Ronald Lam predicting a future \u201cABC\u201d market for passenger jets: Airbus, Boeing and COMAC.<\/p>\n\n\n\n

Our flag carrier is back in rude health, recording a US$1.25 billion profit last year after catastrophic losses during Covid. Even so, CX has endured a patchy recovery in playing catch-up with airlines from countries which returned to normal quicker us. Hence the fanfare in announcing the relaunch of its service to Riyadh <\/a>\u2013 suspended since 2017 \u2013 as our city strengthens ties with Saudi Arabia. Not before time, John Lee might observe, given that a delegation he led had to take indirect flights to the Saudi capital last year.<\/p>\n\n\n\n

Riyadh aside, the airline is under pressure<\/a> to expand its routes to the Middle East and Asia to boost our city\u2019s flagging economy and tourism. Impatient lawmaker Jeffrey Lam wants it to hurry up. \u201cWe can\u2019t afford to be slow and lagging behind. Cathay can definitely provide more offerings,\u201d he insists. In a diplomatic response<\/a>, chairman Patrick Healy confirms CX will not expand into new routes until after it restores full capacity by the first quarter of next year. Speeding up the timeline \u201cis not the right thing to do\u201d, he stresses.<\/p>\n\n\n\n

Thankfully, CX\u2019s London route is fully operational, thus bringing me to my birthplace before I head off to Germany tomorrow for a month of Euros football. Alas, a survey reveals that more than 30% of Hong Kong students plan to bet on the tournament<\/a>, with marketing blitzes from illegal online gambling platforms exacerbating the problem. \u201cTeenagers are not aware of the risks of illegal bookmaking while gambling brings more excitement to them,\u201d notes clinical psychologist Ching Fung-yee. Legitimate bookies list my beloved England \u2013 the team that can be relied upon to let you down \u2013 as favourites.<\/p>\n\n\n\n

Being in the UK capital has allowed me to catch up with several friends who live here, including Bloomberg journalist Douglas Wong<\/a>, one of my earlier guests on Law & More<\/em>. His fellow Malaysian and Marlborough College alumni Chua Guan-Hock SC<\/a> features in our latest podcast, reflecting on his long and successful legal career in Hong Kong. Please listen.<\/p>\n\n\n\n

In closing, I should mention one of the week\u2019s major talking points: a viral photo of a woman on a Hong Kong tram with a giant mattress<\/a>. She rode from Happy Valley to Central before it was brought to the driver\u2019s attention and she was asked to disembark, prompting internet users to speculate how she had managed to heave it on board unnoticed.<\/p>\n\n\n\n

Quite a feat, I submit, and one which shows our high-speed trains are not the only transport with sleeping facilities.<\/p>\n\n\n\n

Until next time, everybody!<\/p>\n\n\n\n

Colin Cohen<\/strong>
Senior Partner<\/strong>
Boase Cohen & Collins<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

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