HONG KONG - Hong Kong sank into recession for the first time in a decade in the third quarter, government data confirmed on Friday, weighed down by increasingly violent anti-government protests and the escalating U.S.-China trade war.
Gross domestic product contracted for the second consecutive quarter, meeting the technical definition of a recession. “Domestic demand worsened significantly in the third quarter, as the local social incidents took a heavy toll on consumption-related activities and subdued economic prospects weighed on consumption and investment sentiment,” the government said in a statement.
More than five months of political protests have plunged the city into its worst crisis since it reverted from British to Chinese rule in 1997. Parts of the city were paralyzed for a fifth day on Friday. Transportation disruptions have become common and some shopping malls and other businesses are shuttering early as the unrest escalates.Hong Kong is one of the world’s most important financial hubs with total banking, fund and wealth management assets worth more than $6 trillion.
No JUSTICE no peace, Nothing could resume normal, including economy. HK government already lost its legitimacy. 79% were NOT satisfied with government! StandWithHongKong
怎么不报道香港居民上街收拾烂摊子的事了?怕被打脸?西方媒体厚脸皮的程度我算是见识了。
for democracy and freedom! it is worthy.
Shenzhen GDP HongKong GDP 哈哈哈哈哈哈哈哈哈哈哈哈真的是太爽了，其实早在2018 年就超过香港蟑螂了
Again, the HK government will break. The protesters can do this all day. How much money is the HK government willing to lose before they give in and accept 5DemandsNotOneLess?
StandWithHongKong
Self do, self have
IstandwithHongkong savehongkong against hongkongpolicebrutality and HongKongPoliceTerrorism also HongKongPolice FreeHongKong 🇭🇰🙏🇭🇰🙏
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Stop flying our flag!!! 😪 It breaks my heart each time I see it, this administration won’t help you 😔 (But many Americans are watching and learning and hoping for your success ✊)
What the article terms 'increasingly violent protests' are, in fact, the response of a small minority of largely-peaceful mass protests to increasingly the violent responses by Hong Kong police in an attempt to suppress dissent.
It was terrible the demonstrators set a man on fire another man 70. Years old was beaten and died because he removed some barriers. Another OAP was beating by a gang of demonstrators for talking up. These demonstrators are criminals. Close everything down tv news channels.
These people who are the real people destory the Hong Kong. Look at HK now, would the tourists like to travel to such a terrible place？ That's all did by these mobs.
They might be really applied and conserve discipline in class or any study but they lack of logic in identifying something that was to happen either way by the same isolation of Hong Kong along with the rest of China, it was time before the independence was going to cause such.
That's not surprising with all the chaos that's going on over there right now!
Wow!
这不就是洋大人的狗🐶吗
这些暴恐分子，要么被洗脑，要么拿钱办事，不然哪来那么多暴恐工具
billbeleven Thugs destroyed their city and future.
The government would have been forced to step down if it happened in any other countries where the majority is against it
damn,Hong Kong became a new Nazi
Literally it will impact to tourism industry in HongKongTourism
Do they realize how stupid they look? They should use their palms to slap some sense into their masked faces. Cowards!
Those with masks are the real cowards: show your face!