Hong Kong has fallen into recession, hit by five months of anti-government protests, and is unlikely to achieve any growth this year, according to the city’s Financial Secretary
HONG KONG - Hong Kong has fallen into recession, hit by five months of anti-government protests that erupted in flames at the weekend, and is unlikely to achieve any growth this year, the city’s Financial Secretary said.
He also said it would be “extremely difficult” to achieve the government’s pre-protest forecast of 0-1 % annual economic growth.The rallying cry of Sunday’s protests was to fight perceived police brutality and defend Muslims and journalists. Police last weekend fired water cannon at a group of people standing outside a mosque and journalists have been wounded in clashes.
Hong Kong Free Press, an online news service, called for the release of a freelance photographer arrested on Sunday after she had asked to see a police officer’s warrant card. A man runs among the tear gas during a protest in Hong Kong, China October 27, 2019. REUTERS/Kim Kyung-Hoon The MTR has closed early for the past few weeks and said it will again shut down two hours early on Monday to repair damage.
Tourists numbers have plummeted, with visitor numbers down nearly 50 percent in October, a decline Chan called an “emergency”.
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