Hong Kong’s biggest White Elephant?

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This is planned for just to our east, reclaimed from islands we’ve sailed around often. The cost will rise, they always do, to more than $US 100 billion. To build something that today some demographers and economists warn will be wasted. Because our population is declining; not increasing. 

It does seem as though the government has not taken that into account at all. At least they never mention it. Weird.