NewsBite

Battered Hong Kong faces economic recession, existential crisis

Noah Sin and Lukas Job

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Key Points

  • Hong Kong to face its first recession in a decade
  • All growth pillars shaken by trade war, civil unrest
  • Beijing increasingly assertive, firms facing climate of fear

Hong Kong | As one of the world's most important trade and business hubs, Hong Kong was always going to struggle this year because of the escalating US-China tariff war.

But after three months of anti-government protests, the semi-autonomous Chinese city, a shopper's paradise and gourmet destination for millions of tourists each year, is facing an existential as well as an economic crisis.

Loading...

Reuters

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Asia

Fetching latest articles

Most Viewed In World

    Original URL: https://www.afr.com/world/asia/battered-hong-kong-faces-economic-recession-existential-crisis-20190826-p52kyv