A pedestrian in the Lujiazui Financial District in Shanghai on December 20, 2022. Photo: Bloomberg
Hong Kong stocks slide as Tencent, Country Garden retreat amid China virus fight, recession concerns
- China’s reopening pivot has led to new challenges for Beijing, chiefly a spike in Covid-19 infections
- Policy tightening moves by the Federal Reserve, other global central banks continue to stoke recession concerns
A pedestrian in the Lujiazui Financial District in Shanghai on December 20, 2022. Photo: Bloomberg