Hong Kong’s pro-Beijing administration has been rocked by the huge protest against a controversial extradition bill.
In the Chinese-language post on his website, Chan said many local retail and catering businesses had experienced a “sharp decline” in business, and he warned that the longer the historic protests go on, the more pressure they will pile on small and medium enterprises. The overall economic downturn that Hong Kong is experiencing, including because of external factors such as the US-China trade war and frictions in the technology sector, will “inevitably be transmitted to the job market.”The import and export, wholesale and construction industries are among the most affected and their situations have begun to deteriorate, he said.
While the planned law has been suspended, the movement has grown to include calls for chief executive Carrie Lam’s resignation, causing a political crisis in the city.The government will also conduct an interim review of the year’s economic growth forecast to reflect possible changes in the coming months more accurately, Chan said.
Yet Shenzhen and the rest of China economy is steadfast in spite of sanctions. These spoilt brats in HK are destroying their home for whit foreign powers. Stupidness