How Hong Kong became one of the world’s most unequal cities

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Read more about Hong Kong: https://sc.mp/14b658 Hong Kong has long been known as an international financial hub where fortunes are made in office towers that form the city’s iconic skyline. Its free-market economy has given rise to some of Asia's wealthiest and most powerful families and firms. But beneath the glitz and glamour lies a sobering level of inequality. Some people are unable to pay for basic groceries due to rising inflation, while others live on the streets despite having paid jobs. Poverty alleviation is a major goal cited by the city's government and authorities have targeted the problem with several task forces, including one focused on the issue of subdivided flats. However, many challenges remain. Support us: https://subscribe.scmp.com Follow us on: Website: https://www.scmp.com Facebook:   / scmp   Twitter:   / scmpnews   Instagram:   / scmpnews   Linkedin:   / south-china-morning-post   #scmp #SCMPExplains #HongKongeconomy