This is the blog of Water-Trotter. The world is my oyster. And this is my window to the world. Welcome.
1st July March
1 July 2010 - Today it is 13 years since the Hong Kong hand-over. In recent years the 1st July date has been marked by protest marches. This year the turn-out for the match is expected to be relatively low, as the debate on universal suffrage already peaked a few days ago in the Legilsative Council. However, there are still plenty of other topics to be concerned about. A study by the Boston Consulting Group shows that Hong Kong has the world second largest wealth gap after Saudi Arabia. Hong Kong has 205,000 USD millionaires, but this group of rich controls 73% of the city's wealth. Or in other words, the remaining 27% of wealth is shared by more than 7 million people. Hong Kong surpasses even the US, where the millionaires control 56% of the wealth. Now you know whey we have such an angry underclass - and we may see them marching the streets today.
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