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This is apropos "Hong Kong apartment sells for record $76.7m" carried by Business Recorder on Sunday. According to the report, a luxury apartment in Hong Kong sold for a record HK$594.7 million ($76.7 million), days before Christmas, making it the most expensive flat in the city and possibly in Asia.
The news item speaks, among other things, about the preponderance of abject prosperity, not abject poverty which used to be the hallmark of most rural areas of China under the disastrous Cultural Revolution of Chairman Mao. That Hong Kong under the British control was a result of one of the unfair treaties that a highly demoralised Beijing had cut in 19th and 20th centuries with 'Western barbarians'. The former Middle Kingdom has been able to undo some of these highly unjust deals slowly - and steadily. Sir Henry Pottinger, the first British governor of Hong Kong, must be turning in his grave.

Copyright Business Recorder, 2015

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