"Henry" Ho Wai Kunis a racing driver from Macau... (wikipedia)
This is a Beijing strip-tease. They should have explained this all in May.
High interest rates have affected car and motorcycle sales. The high interest rate climate has affected consumer demand; retail sales have been affected.
It's like a jar of candies you can see but you can't get your hands on. The foreign investors will believe this when they see more fundamental changes in how companies are run.
I don't think that the jury is out. Those guys saying Hong Kong will become another Shanghai or become anther Japan, I think there's an 80 percent chance they are wrong.