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A winner has emerged in the old rivalry between Singapore and Hong Kong - The Economist   

Dinner-party conversations across Asia have often been animated by an old debate. In economic dynamism, the state of the urban fabric and the vibrancy of civic life, which city comes top: Hong Kong or Singapore? Until not long ago, it was obvious to Banyan, who spent a decade working there, that Hong Kong won hands down. But recently the balance shifted. There is clearly no contest anymore. It is game over in favour of Singapore. As a consequence, Banyan has moved there.

Hong Kong and Singapore, once dirt-poor, have astonishing success stories to tell. Both are hubs for international finance, trade, transport and tourism. Both have attracted the brightest professional minds. Both built world-beating universities. Nothing tops the drama of Hong Kong’s topographical setting. It is hard to think of a cleaner, greener city than Singapore.

The imposition of a draconian national-security law in 2020 marked the obvious break in Hong Kong’s trajectory. The law ended any prospect of more representative government and curtailed the space for civic expression. Dozens of activists, lawyers and politicians are in jail. Stringent pandemic travel restrictions compounded the sense of claustrophobia. Some 200,000 expatriates have left Hong Kong in the past three years, along with even more Hong Kongers. By contrast, in 2022 the number of foreign professionals in Singapore grew by 16%, Banyan among them.

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