Hong Kong sank into recession for the first time in a decade in the third quarter as political protests plunged the city into its worst crisis since it reverted from British to Chinese rule in 1997. — Reuters pic
“As it enters 2020, it has not shaken off the risk of continued decline, but has encountered the threat of a new coronavirus pneumonia epidemic, which will definitely cause a double blow to the economy,” Chan said in a blog post. Hong Kong sank into recession for the first time in a decade in the third quarter as political protests plunged the city into its worst crisis since it reverted from British to Chinese rule in 1997.
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