A man walks past a closed retail store in Wan Chai on April 30. Over 2,000 Hong Kong companies filed for bankruptcy in May. Photo: Xiaomei Chen A man walks past a closed retail store in Wan Chai on April 30. Over 2,000 Hong Kong companies filed for bankruptcy in May. Photo: Xiaomei Chen
A man walks past a closed retail store in Wan Chai on April 30. Over 2,000 Hong Kong companies filed for bankruptcy in May. Photo: Xiaomei Chen
David Dodwell
Opinion

Opinion

Inside Out by David Dodwell

Expect the coronavirus pandemic bankruptcy tsunami to be worse than predicted

  • The global economic recession will be worse than forecast, with bankruptcies in Hong Kong likely to exceed those during Sars and the global financial crisis
  • Quick and cheap online dispute resolution systems are urgently needed across the region to reduce the pain

A man walks past a closed retail store in Wan Chai on April 30. Over 2,000 Hong Kong companies filed for bankruptcy in May. Photo: Xiaomei Chen A man walks past a closed retail store in Wan Chai on April 30. Over 2,000 Hong Kong companies filed for bankruptcy in May. Photo: Xiaomei Chen
A man walks past a closed retail store in Wan Chai on April 30. Over 2,000 Hong Kong companies filed for bankruptcy in May. Photo: Xiaomei Chen
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David Dodwell

David Dodwell

David Dodwell is the executive director of the Hong Kong-APEC Trade Policy Study Group, a trade policy think tank.