Battered Hong Kong faces economic recession, existential crisis
Noah Sin and Lukas Job
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.
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Reuters
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