The problems facing Hong Kong's wide-open economy - which is expected to grind to a halt in coming quarters - run so deep that even those businesses whose products have been repurposed as protest paraphernalia are losing momentum. More here:
HONG KONG - John Lam’s safety equipment shop has been spared the global downdraft shaking Hong Kong’s economy. In times of crisis, businesses providing basic necessities tend to fare better.
At times, he could not replenish stocks fast enough to meet demand. Some customers were buying 50 items at once. But lately, in a sign of saturation, demand has been easing. The reality of a slowing economy is also kicking in. Indeed, the problems facing Hong Kong’s wide-open economy - which is expected to grind to a halt in coming quarters - run so deep that even those businesses whose products have been repurposed as protest paraphernalia are losing momentum.
“Surely we are also experiencing an overall economic downturn. And when there was tear gas, we shut the door,” Hui said.The economy has become a focus for a public relations battle between authorities and protesters.
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