Navigating Financial Turbulence in Asia Pacific

This chapter examines the financial challenges faced by the Asia Pacific region in 2024, with a focus on Hong Kong's struggling commercial real estate market and Luckin Coffee's recovery from scandal. It discusses the interconnected risks impacting local developers and banks, as well as the shifting dynamics of luxury brands in Asia amidst changing consumer expectations. The chapter culminates with insights on China's economy, emphasizing evolving supply chains and the implications of overcapacity in the global industrial landscape.