A screen in Central, Hong Kong, displays the Hang Seng Index’s closing figure on September 4, the day Chief Executive Carrie Lam Cheng Yuet-ngor announced that the extradition bill would be formally withdrawn from the city’s legislature. Photo: Tory Ho
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Hong Kong protests: could a financial crisis be the jolt that brings the unrest to a halt?

  • While Hong Kong’s economy fell into a worse than expected recession last quarter, financial markets have remained resilient
  • A run on a major bank or a serious challenge to the currency peg might push Beijing, the Hong Kong government, protesters and ordinary Hongkongers to seek a resolution

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A screen in Central, Hong Kong, displays the Hang Seng Index’s closing figure on September 4, the day Chief Executive Carrie Lam Cheng Yuet-ngor announced that the extradition bill would be formally withdrawn from the city’s legislature. Photo: Tory Ho
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The man in charge of the Hong Kong economy says the government may need to revise its GDP growth estimates with the protests and US-China trade tensions having a negative impact. Photo: Roy Issa

As Hong Kong protests rage, finance chief Paul Chan warns of further forecast downgrade for city’s economic growth

  • A cut in predicted GDP growth may be ‘unavoidable’, says Financial Secretary Paul Chan, as falling consumer spending could lead to unemployment surge
  • Economy taking a battering from violent protests and US-China trade war, with Chan reporting waning confidence from investors abroad
Topic |   Hong Kong economy

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The man in charge of the Hong Kong economy says the government may need to revise its GDP growth estimates with the protests and US-China trade tensions having a negative impact. Photo: Roy Issa
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