Battered Hong Kong faces economic recession, existential crisis

The Catering and Hotel Industries Employees General Union told Reuters employers had asked some of its members to take non-paid leave this month because of the downturn in business.

BlackRock Inc , the world’s largest asset manager, has postponed a two-day September conference at the Four Seasons Hotel until February “so that as many partners as possible from across Asia are able to join.” But analysts warn that in the current climate, handouts are ineffective as firms and consumers are in no mood to spend.

Who cares, its a LOSE/LOSE situation for both wealthy corporations and the people

🤔 Help Twitter & Jack! That is unacceptable! It HAS to be fake news The ONLY ACCEPTABLE narrative about HK is the irrelevant extradition bill NOT the REAL problems (housing affordability & pensions...) that most in HK are REALLY facing! OnlyBSToBeAllowed onlyyoontv

Battered by the TradeWar on one end, the persistence of the pro-freedom people of HongKong on the other, China’s economic options are dwindling as quickly as their collapsing currency. Meanwhile, Xi privately sues for peace with realDonaldTrump. Will China start playing fair?

香港j经济很早就开始跟四小龙兄弟不同了，衰退是早晚的事情

if HK was down , who'd be the most happy one ? not HK people , not Mainland China ，they'd have to suffer from it for a long time. who that would be ? greedy totalitarian capital predators . western media or u.s government , both are the tools behind it

Well, tourism and service industry are only part of hk. These industries have been gaining econ benefits for years, while we suffering from soaring living standards and slow income increase. This so-called econ recession doesn't represent the whole picture.

Our economy is going to recession, even worse, China is destroying our legal system to kill Hong Kong

If a family can stay together safely, how does govt matters

kuku27 When city is frozen, what else can happen

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