While the adjusted IHS Markit headline Hong Kong Purchasing Manager’s Index edged up to 34.9 in March, from 33.1 in February, it still signaled the second-sharpest deterioration of private sector conditions in the city since July 1998, when the survey began.“Key sectors of the economy such as retail, travel and tourism were decimated by the global coronavirus outbreak.
The trade outlook is also grim for the bustling port as increasing health lockdowns in many parts of the world crush global demand. While China’s factories are gradually returning to work, growth is still well below usual levels and new orders from the mainland remain close to the record low seen in February.
Hong Kong deserves it. A bunch of losers.
All the protesting had probably weakened their economy before this even hit. Just goes to show that you never know what Tomorrow holds in store for you. Just a couple of months ago our economy was blazing, and the markets didn't anticipate this. Learn wisdom from this.
maybe now the middle class people in Hong Kong can afford to buy a place to live for once
Theirs speculation that Trump will be invoking the Defense Production Act on DARPA funded iBio to manufacture 500 million vaccines.