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Listen: Thousands protest over police shooting of teenager in Hong Kong

"Hundreds of protesters in Hong Kong or staging sitting outside the school of a teenager who was shot act by police during violent clashes yesterday the seventieth anniversary of the People's Republic of China. The student was the first pro democracy demonstrators to be shot with a live round in the nearly four months of escalating violence in that city. He said to be in stable condition the BBC's Charisma Swanee has this report for us about growing economic inequality in Hong Kong as one component fueling protests in mock it on the streets of Kowloon. I meet a group of young students amidst the cluttering doing the dirty dishes. I heard about the fees for the future. I won't change my family's life because in Hong Kong after par to pay is rights. It is now where I go. I cannot do that even when I graduated from the university I will live with these. Issues aren't why a young people are taking to the streets but it has fueled. Their resentment of Assistant Bayfield has neglected them. John Waco is a lecturer at Hong Kong Polytechnic University. He's published a report on job prospects and wages for young people in Hong Kong over the last thirty years. He says that in in that period of time starting salaries for fresh graduates have largely stayed the same while property prices have gone up tenfold. Our economy is dominated by a handful of powerful families. We lucked out in West in high had industry. Young people wanting wants to get into the high tech industry. They are not a lot of chances fault. There's perhaps no better illustration of Hong Kong's housing crisis than if you wander through public housing estate. This is one of the most expensive cities in the world to own a flat more than half of Hong Kong's households. I can't afford to do that. These public housing estates were meant to be the solution but there's simply not enough of them. Stanley one has joined me here to tell me why that's the case as the former chairman of Hong Kong's task force on land supply. He was tasked with solving the housing crisis. He says there's more than enough land in Hong on Com developers. Hold most of it but have no incentives to build public housing. If they develop into residential housing on a private basis they've fared ten times as much for probably rental housing they would and lower the proverb to roughly about five times as much. All of this has contributed to the highest. I used inequality rate in Hong Kong in forty five years. The government now recognizes it needs to fix things but it may be too little too late in Hong Kong. I'm the BBC's charisma the swannee for"

Marketplace Morning Report with David Brancaccio

Thousands protest over police shooting of teenager in Hong Kong

Marketplace Morning Report with David Brancaccio

2 months ago

Coming up next

Thousands protest over police shooting of teenager in Hong Kong

Marketplace Morning Report with David Brancaccio

2 months ago

Hong Kong Hong Kong Polytechnic University Hong John Waco BBC People's Republic Of China Cluttering Kowloon