Former People’s Bank of China adviser Yu Yongding says if Hong Kong’s economy were to suffer further from protests the city could be forced to abandon its peg to the US dollar. Photo: Bloomberg

Hong Kong dollar could be unpegged from US dollar if protests create economic crisis, economist warns

  • Sharp deterioration in city's economic health could force Hong Kong to sever peg to the US dollar, Chinese economist Yu Yongding has warned
  • The government has stressed its commitment to the linked exchange rate system, which is underpinned by massive forex reserves
Topic |   Hong Kong protests

TOP PICKS

Former People’s Bank of China adviser Yu Yongding says if Hong Kong’s economy were to suffer further from protests the city could be forced to abandon its peg to the US dollar. Photo: Bloomberg
READ FULL ARTICLE
China’s exports to the US dropped 11.3 per cent in the January to October period, while exports to the European Union rose 5.1 per cent and those to the 10-member Asean bloc jumped 10.4 per cent. Photo: AFP

China’s October exports may offer hint of ‘stabilisation’, but still ‘hard to be optimistic’ amid US trade war

  • Exports fell by 0.9 per cent in October, better than the 3.2 per cent drop in September, and better than analysts had expected
  • Imports continued to struggle, falling for the ninth time in the last 10 months, as the economic pressure on Beijing continues to pile up amid the trade war with the US
Topic |   China economy

TOP PICKS

China’s exports to the US dropped 11.3 per cent in the January to October period, while exports to the European Union rose 5.1 per cent and those to the 10-member Asean bloc jumped 10.4 per cent. Photo: AFP
READ FULL ARTICLE