{"id":9395,"date":"2023-11-04T01:34:15","date_gmt":"2023-11-04T01:34:15","guid":{"rendered":"https:\/\/infundpros.com\/business\/this-city-never-slept-but-with-china-tightening-its-grip-is-the-party-over\/"},"modified":"2023-11-04T01:34:16","modified_gmt":"2023-11-04T01:34:16","slug":"this-city-never-slept-but-with-china-tightening-its-grip-is-the-party-over","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=9395","title":{"rendered":"This city never slept. But with China tightening its grip, is the party over?"},"content":{"rendered":"
\n

\n Editor\u2019s Note: <\/b>Sign up for CNN\u2019s Meanwhile in China newsletter which explores what you need to know about the country\u2019s rise and how it impacts the world.\n<\/p>\n<\/p>\n

\n As the scattered patrons hop from one deserted bar to the next, it\u2019s hard to believe the near-empty streets they are zigzagging down were once among the most vibrant in Asia.\n <\/p>\n

\n It is Thursday evening, a normally busy night, but there are no crowds for them to weave through, no revelers spilling onto the pavements and no need for them to wait to be seated. At some of the stops on this muted bar crawl, they are the only ones in the room.\n <\/p>\n

\n It wasn\u2019t always this way. It might seem unlikely from this recent snapshot, but Hong Kong was once a leading light in Asia\u2019s nightlife scene, a famously freewheeling neon-lit city that never slept, where East met West and crowds would spill from the bars throughout the night and long into the morning \u2013 even on a weekday.\n <\/p>\n

\n Such images were beamed around the world in 1997, when Britain handed over sovereignty of its prized former colony to China, and locals and visitors alike welcomed in the new era with a 12-hour rave featuring Boy George, Grace Jones, Pete Tong and Paul Oakenfold.\n <\/p>\n

\n China\u2019s message at the time was that even if change was coming to Hong Kong, its spirit of \u201canything goes\u201d would be staying put. The city was promised a high degree of autonomy for the next 50 years and assured that its Western ways could continue. Or, as China\u2019s then leader Deng Xiaoping put it: \u201cHorses will still run, stocks will still sizzle and dancers will still dance.\u201d\n <\/p>\n

\n And for long after the British departed, the dancing did indeed continue. Hong Kong retained not only the spirit of capitalism, but many other freedoms unknown in the rest of China \u2013 not just the gambling on horse races that Deng alluded to, but political freedoms of the press, speech and the right to protest. Even calls for greater democracy were tolerated \u2013 at least, for a time.\n <\/p>\n

\n But little more than halfway into those 50 years, Deng\u2019s promise now rings hollow <\/strong>to many. Spasms of mass protests \u2013 against \u201cpatriotic education\u201d legislation in 2012, the Occupy Central movement in 2014 and pro-democracy demonstrations in 2019 \u2013 led China to restrict civil liberties with a sweeping National Security Law. Hundreds of pro-democracy figures have since been jailed and tens of thousands of residents have headed for the exits.\n <\/p>\n

\n That crackdown and Hong Kong\u2019s fading freedoms have been well-documented, but it is only more recently that a less-reported knock-on effect of China\u2019s crackdown has started to emerge: In the streets and the bars, the trendy clubs and Michelin-starred restaurants, the city that never slept has begun to doze.\n <\/p>\n

\n
\n <\/source><\/source><\/source><\/source><\/picture>\n <\/div>\n<\/div>\n

\n Nightlife in the city has become a pale shadow of its heyday as a regional rest and relaxation magnet, when its reputation rested on it being easier to navigate than Japan, less boring than Singapore and freer than mainland China.\n <\/p>\n

\n Now, apparently in tandem with the diminishing political freedoms, business in the city\u2019s once-thriving bars is drying up. And while some argue over whether politics or Covid is at fault, few dispute that something needs to be done.\n <\/p>\n

\n Bars earned about $88.9 million in the first <\/strong>half of 2023, <\/strong>18% less than the $108.5 million brought in during the same period in 2019, according to official data.\n <\/p>\n

\n In an effort to arrest the decline, the Hong Kong government has launched a \u201cNight Vibes\u201d campaign featuring bazaars at three waterfront areas, splurged millions on a recent fireworks show to celebrate China\u2019s National Day and reintroduced a dragon dance, lit by incense sticks, in its neighborhood of Tai Hang.\n <\/p>\n

\n Those efforts have attracted a mixture of criticism and mockery \u2013 with many pointing out the irony of the campaign\u2019s opening ceremony featuring two white lions, a color associated in Chinese culture with funerals. Meanwhile, the bazaars have been interrupted by a mix of typhoons and security concerns over the use of fireworks.\n <\/p>\n

\n Still, Hong Kong\u2019s <\/strong>Chief Executive John Lee insists the events are a success, saying at least 100,000 people have checked out the bazaars and that 460,000 tourists from mainland China visited for National Day. And the white lions? Officials say they were \u201cfluorescent.\u201d\n <\/p>\n

\n A Hong Kong government spokesman told CNN this week that the activities were \u201cwell-received by local residents and tourists\u201d. A recent Hong Kong Wine & Dine Festival brought in 140,000 patrons and shopping malls supporting the Night Vibes campaign said they had seen \u201cgrowth in visitor flow and turnover,\u201d he added.\n <\/p>\n

\n
\n \"A<\/source><\/source><\/source><\/source><\/picture>\n <\/div>\n<\/div>\n

\n There are some who point the finger solely at Covid.\n <\/p>\n

\n \u201cIt\u2019s obvious that it\u2019s worse than before. This is the side effect of Covid, which has changed the way of life,\u201d said Gary Ng, an economist with French investment bank Natixis.\n <\/p>\n

\n And few would dispute that Covid took its toll. During the pandemic, Hong Kong made a virtue of cleaving closely to a mainland <\/strong>Chinese-style zero-tolerance approach that, though not quite as draconian, was still extreme enough to send large numbers of expatriates heading for the exit, with many of them decamping to rival Asian cities like Singapore, Thailand and Japan.\n <\/p>\n

\n Hong Kong, where incoming travelers faced weeks in quarantine and restaurant tables were limited to two customers, was suddenly the boring one and Singapore \u2013 in a telling comparison \u2013 the more <\/strong>lively.\n <\/p>\n

\n Under Hong Kong\u2019s pandemic restrictions, live music was all but banned in small venues for more than 650 days.\n <\/p>\n

\n But others say Hong Kong is in denial and that its nightlife problems go much deeper than the pandemic. Other places have recovered, they say, why not Hong Kong?\n <\/p>\n

\n These observers note the city\u2019s response to Covid should itself be seen through the lens of the city\u2019s ever disappearing freedoms.\n <\/p>\n

\n Months before the virus emerged, China had been tightening its grip on Hong Kong in response to pro-democracy protests that had spread throughout the city.\n <\/p>\n

\n It introduced restrictions on freedoms \u2013 such as of expression and of the press \u2013 which were <\/strong>supposedly guaranteed at the time of the handover.\n <\/p>\n

\n Songs and slogans perceived as linked to the protests were outlawed, memories of past protests scrubbed from the internet, sensitive films <\/strong>censored and newspaper editors charged with sedition and colluding with foreign forces.\n <\/p>\n

\n The government has maintained that legal enforcement is necessary for Hong Kong to restore stability and prosperity and stop what China says is \u201cforeign forces\u201d from meddling in the city.\n <\/p>\n

\n \u201cWe strongly disapproved of and firmly rejected those groundless attacks, slanders and smears against the HKSAR on the protection of such fundamental rights and freedoms in Hong Kong,\u201d a spokesman said, referring to Hong Kong\u2019s official name, in a reply to CNN.\n <\/p>\n

\n But, the critics hit back, none of that lends itself to an atmosphere where people will want to sit back, relax and shoot the breeze.\n <\/p>\n

\n \u201cPeople may feel like they have to self-censor when having a chat at restaurants or bars because, who knows who may be listening. They may as well stay home for the same chat where they feel safe,\u201d said Benson Wong, one of the hundreds of thousands who have left Hong Kong.\n <\/p>\n

\n Wong, a former associate professor who specialized in local politics, said he used to enjoy eating out at dai pai dongs \u2013 open-air stalls selling Cantonese classics and (usually) plenty of beer \u2013 where patrons once talked freely about everything from celebrity gossip to politics.\n <\/p>\n

\n Now though, he said, \u201cone won\u2019t feel happy if they have to watch everything they say.\u201d\n <\/p>\n

\n
\n \"A<\/source><\/source><\/source><\/source><\/picture>\n <\/div>\n<\/div>\n

\n Whether it was Covid or the crackdown, or some combination of the two, an exodus of middle-class Hong Kongers and affluent expats has taken place in recent years.\n <\/p>\n

\n Last year, the city saw a net outflow of 60,000 residents, its third drop in as many years, taking the number of usual residents down to 7.19 million as of the end of 2022 \u2014 a drop of almost 144,000 from the end of 2020.\n <\/p>\n

\n Tens of thousands of them are Hong Kongers who have taken up special visas and pathways to citizenship offered by Western countries such as Britain, Canada and Australia in the wake of China\u2019s crackdown.\n <\/p>\n

\n But there has also been a steady drip of departures from the expat population that, like a post-colonial hangover, had remained in the city long after Britain\u2019s departure. They were largely professionals in finance and law with a reputation for working hard and partying even harder, regardless of the politics.\n <\/p>\n

\n Local media is now awash with reports of banking and law firms relocating their offices, in part or full, to rival financial hubs such as the no-longer-boring Singapore.\n <\/p>\n

\n Unfortunately for bar and restaurant owners, the two demographics leaving are among their biggest customers.\n <\/p>\n

\n \u201cThe expats have relocated, as well as [Hong Kongers] with a higher income. Their departure of course will have an impact,\u201d said Ng, from Natixis.\n <\/p>\n

\n Increasingly, these two groups are being replaced by <\/strong>people from mainland China, who now account for more than 70% of the 103,000 work or graduate visas granted since 2022, according to the Immigration Department. The newly dominant migrants, economists point out, tend to have very different spending habits.\n <\/p>\n

\n Yan Wai-hin, an economics lecturer at the Chinese University of Hong Kong, said the city\u2019s previously robust nightlife was propped up largely by a base of expats and middle-class locals steeped in the time-honored drinking culture of enjoying a nice cold one after a long day.\n <\/p>\n

\n \u201cThe makeup of the population is different now,\u201d Yan said. \u201cNow we have more immigrants from the mainland, and they tend to love to go back to mainland China to spend instead.\u201d\n <\/p>\n

\n At Hong Kong\u2019s most famous nightlife district, Lan Kwai Fong, the music may be fading, but it hasn\u2019t stopped completely.\n <\/p>\n

\n The area was long synonymous with jam-packed streets of revelers who would spill out from the bars as the air filled with the sounds of boisterous chatter, clinking glasses and dance music blasting away late into the night.\n <\/p>\n

\n But during a recent visit by CNN, there was little to distinguish the area from any other street.\n <\/p>\n

\n
\n \"People<\/source><\/source><\/source><\/source><\/picture>\n <\/div>\n<\/div>\n

\n \u201cIt has been very challenging so far and it has not got back to normal by a long shot,\u201d said Richard Feldman, who runs the gay bar Petticoat Lane at the California Tower in Lan Kwai Fong.\n <\/p>\n

\n The chairman of the Soho Association, who has been running businesses in the city for more than three decades, Feldman said business was slightly better between Friday and Saturday <\/strong>than weekdays and shops with a good reputation have been less affected.\n <\/p>\n

\n But across the board, he too said the number of Western faces were dwindling in what was once a favored expat haunt.\n <\/p>\n

\n \u201cIt was a mix of expats and local professionals who would go out for drinks and a late night dance. But that demographic has eased quite a bit in the past year,\u201d said another bar owner Becky Lam. \u201cWe are getting more mainland customers.\u201d\n <\/p>\n

\n Lam, joint founder of a number of Hong Kong bars and restaurants, including wine bar Shady Acres in Central, said while mainland Chinese were willing to spend, they tended to gravitate towards restaurants rather than bars and were less likely to stay out late.\n <\/p>\n

\n On a weekday, she said, the bars she runs have been getting only half of the customers compared to pre-pandemic days.\n <\/p>\n

\n \u201cThey\u2019ll settle for the Happy Hours and that\u2019s it. We are not talking about 2 a.m. to 3 a.m.,\u201d she said.\n <\/p>\n

\n There are other problems gnawing away at the nightlife sector.\n <\/p>\n

\n \u201cPeople\u2019s habits have changed since Covid, as many are so used to staying at home watching TV and Netflix,\u201d Feldman said.\n <\/p>\n

\n During the pandemic, Hong Kong imposed a lengthy ban on bars and dine-in services to stem social gatherings, in what many saw as a nod to mainland China\u2019s \u201czero-Covid\u201d strategy.\n <\/p>\n

\n This affected shops and malls, which shortened their business hours due to the lack of customers. In many cases, those shortened hours have now become the new normal, with some shops now closing as early as 9 p.m. as opposed to the pre-Covid standard of 10:30 p.m.\n <\/p>\n

\n
\n \"Lan<\/source><\/source><\/source><\/source><\/picture>\n <\/div>\n<\/div>\n

\n Also conspiring against the city\u2019s nightlife is a strong Hong Kong dollar compared to the Chinese yuan, which affects how both Hong Kongers and potential tourists spend their money.\n <\/p>\n

\n \u201cPeople from the mainland are less likely to come here to shop, while people in Hong Kong are going to Shenzhen to spend their money,\u201d said Marco Chan, head of research at real estate and investment firm CBRE.\n <\/p>\n

\n While mainland tourists now think twice about coming to Hong Kong, many Hongkongers have been spending their weekends in mainland China, where many services come at a fraction of the price, Chan said.\n <\/p>\n

\n Known as the \u201cGodfather of Lan Kwai Fong,\u201d Allan Zeman \u2013 the entrepreneur who turned the small square in Hong Kong\u2019s Central district into a renowned nightlife hub \u2013 cuts a more optimistic figure than most and insists business is not as bad as it appears.\n <\/p>\n

\n He estimates mainland Chinese customers now account for 35% of the patrons in Lan Kwai Fong and says they are big spenders.\n <\/p>\n

\n
\n \"Allan<\/source><\/source><\/source><\/source><\/picture>\n <\/div>\n<\/div>\n

\n \u201cThey\u2019ll go up to a club, like the California Tower on the roof, and they\u2019ll spend like 400,000 to 550,000 Hong Kong dollars ($51,000 to $70,000) just for drinks,\u201d he said.\n <\/p>\n

\n His take is that it is Hong Kong\u2019s strong currency and a relative lack of incoming flights compared to the pre-Covid era that are stalling the city\u2019s comeback. \u201cI think it\u2019s temporary,\u201d he said.\n <\/p>\n

\n But bar owner Lam said Hong Kong needs to reexamine its regulatory approach, if it is to thrive at night once more.\n <\/p>\n

\n Lam pointed to a drive in recent years by the authorities to remove the city\u2019s famous neon lights in the name of safety as an example of the current misguided approach, saying Hong Kong\u2019s most defining nighttime icons were being dismantled one sign at a time.\n <\/p>\n

\n She also said her bar, Shady Acres, had been told to serve customers only indoors and shut all doors and windows after 9 p.m. as part of its licensing requirement.\n <\/p>\n

\n \u201cThese kinds of hurdles are really big in Hong Kong,\u201d Lam said. \u201cBut I look at our neighboring cities like Bangkok, Shanghai and Taipei. These cities have an exciting nightlife as they really make it late night fun with music, street art and late night dining.\u201d\n <\/p>\n

\n Feldman, of Petticoat Lane, had another suggestion. \u201cHong Kong used to be a far more international destination. Now it is a domestic destination,\u201d he said.\n <\/p>\n

\n The city, said Feldman, should \u201cdo everything it can to attract people not only from China but from all over the world.\u201d\n <\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Editor\u2019s Note: Sign up for CNN\u2019s Meanwhile in China newsletter which explores what you need to know about the country\u2019s rise and…<\/p>\n","protected":false},"author":1,"featured_media":9396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-9395","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\nThis city never slept. But with China tightening its grip, is the party over? | inFundPros<\/title>\n<meta name=\"description\" content=\"Editor\u2019s Note: Sign up for CNN\u2019s Meanwhile in China newsletter which explores what you need to know about the country\u2019s rise and how it impacts the world.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/infundpros.com\/?p=9395\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This city never slept. But with China tightening its grip, is the party over? | inFundPros\" \/>\n<meta property=\"og:description\" content=\"Editor\u2019s Note: Sign up for CNN\u2019s Meanwhile in China newsletter which explores what you need to know about the country\u2019s rise and how it impacts the world.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/infundpros.com\/?p=9395\" \/>\n<meta property=\"og:site_name\" content=\"inFundPros\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-04T01:34:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-04T01:34:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/11\/231006085730-02-sleepless-city-hong-kong-struggle.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"12 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/infundpros.com\/?p=9395#article\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/?p=9395\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\"},\"headline\":\"This city never slept. But with China tightening its grip, is the party over?\",\"datePublished\":\"2023-11-04T01:34:15+00:00\",\"dateModified\":\"2023-11-04T01:34:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/infundpros.com\/?p=9395\"},\"wordCount\":2471,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/infundpros.com\/?p=9395#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/infundpros.com\/?p=9395\",\"url\":\"https:\/\/infundpros.com\/?p=9395\",\"name\":\"This city never slept. But with China tightening its grip, is the party over? | inFundPros\",\"isPartOf\":{\"@id\":\"https:\/\/infundpros.com\/#website\"},\"datePublished\":\"2023-11-04T01:34:15+00:00\",\"dateModified\":\"2023-11-04T01:34:16+00:00\",\"description\":\"Editor\u2019s Note: Sign up for CNN\u2019s Meanwhile in China newsletter which explores what you need to know about the country\u2019s rise and how it impacts the world.\",\"breadcrumb\":{\"@id\":\"https:\/\/infundpros.com\/?p=9395#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/infundpros.com\/?p=9395\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/infundpros.com\/?p=9395#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/infundpros.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"This city never slept. But with China tightening its grip, is the party over?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/infundpros.com\/#website\",\"url\":\"https:\/\/infundpros.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/infundpros.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/infundpros.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/infundpros.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/infundpros.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/infundpros.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/infundpros.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/infundpros.com\"],\"url\":\"https:\/\/infundpros.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"This city never slept. But with China tightening its grip, is the party over? | inFundPros","description":"Editor\u2019s Note: Sign up for CNN\u2019s Meanwhile in China newsletter which explores what you need to know about the country\u2019s rise and how it impacts the world.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/infundpros.com\/?p=9395","og_locale":"en_US","og_type":"article","og_title":"This city never slept. But with China tightening its grip, is the party over? | inFundPros","og_description":"Editor\u2019s Note: Sign up for CNN\u2019s Meanwhile in China newsletter which explores what you need to know about the country\u2019s rise and how it impacts the world.","og_url":"https:\/\/infundpros.com\/?p=9395","og_site_name":"inFundPros","article_published_time":"2023-11-04T01:34:15+00:00","article_modified_time":"2023-11-04T01:34:16+00:00","og_image":[{"width":800,"height":450,"url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/11\/231006085730-02-sleepless-city-hong-kong-struggle.jpg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"12 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/infundpros.com\/?p=9395#article","isPartOf":{"@id":"https:\/\/infundpros.com\/?p=9395"},"author":{"name":"Press Room","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff"},"headline":"This city never slept. But with China tightening its grip, is the party over?","datePublished":"2023-11-04T01:34:15+00:00","dateModified":"2023-11-04T01:34:16+00:00","mainEntityOfPage":{"@id":"https:\/\/infundpros.com\/?p=9395"},"wordCount":2471,"commentCount":0,"publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/infundpros.com\/?p=9395#respond"]}]},{"@type":"WebPage","@id":"https:\/\/infundpros.com\/?p=9395","url":"https:\/\/infundpros.com\/?p=9395","name":"This city never slept. But with China tightening its grip, is the party over? | inFundPros","isPartOf":{"@id":"https:\/\/infundpros.com\/#website"},"datePublished":"2023-11-04T01:34:15+00:00","dateModified":"2023-11-04T01:34:16+00:00","description":"Editor\u2019s Note: Sign up for CNN\u2019s Meanwhile in China newsletter which explores what you need to know about the country\u2019s rise and how it impacts the world.","breadcrumb":{"@id":"https:\/\/infundpros.com\/?p=9395#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/infundpros.com\/?p=9395"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/infundpros.com\/?p=9395#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/infundpros.com\/"},{"@type":"ListItem","position":2,"name":"This city never slept. But with China tightening its grip, is the party over?"}]},{"@type":"WebSite","@id":"https:\/\/infundpros.com\/#website","url":"https:\/\/infundpros.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/infundpros.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/infundpros.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/infundpros.com\/#organization","name":"Fintech Advance","url":"https:\/\/infundpros.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/infundpros.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/infundpros.com\/#\/schema\/person\/87f7e632b195ea95c91503d9281f5eff","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/infundpros.com\/#\/schema\/person\/image\/","url":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/infundpros.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/infundpros.com"],"url":"https:\/\/infundpros.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/9395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9395"}],"version-history":[{"count":1,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/9395\/revisions"}],"predecessor-version":[{"id":9397,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/posts\/9395\/revisions\/9397"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=\/wp\/v2\/media\/9396"}],"wp:attachment":[{"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infundpros.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}