Economist Defends Dire Hong Kong Warning as 'Wake-Up Call,' While China Media Decries 'False Claims'

American economist Stephen Roach defends his article saying "Hong Kong is over", argues it was a "wake-up call" about doubts over the city's future
Chinese state media Xinhua criticizes Western media and "so-called experts" for spreading false claims about Hong Kong to "contain China"
Roach says title overstated his views; hopes "good trouble" sparks serious discussion, but sees low probability of sharp mainland rebound, risk of talent exodus
Xinhua cites data on companies still operating in Hong Kong, investment funds raised, talent hired to argue business environment remains strong
Exco convenor Regina Ip says Roach tries to rationalize first "excessive" article but misses key factor of US "capital embargo" behind stock market decline