Financial Secretary Paul Chan at the Caixin Summit Hong Kong on June 10. Chan said on Monday that Hong Kong’s economy was in a “difficult situation”. Photo: K.Y. Cheng
Financial Secretary Paul Chan at the Caixin Summit Hong Kong on June 10. Chan said on Monday that Hong Kong’s economy was in a “difficult situation”. Photo: K.Y. Cheng

Financial Secretary Paul Chan warns that anti-government protests – paired with US-China trade war – could plunge Hong Kong’s economy into recession

  • Chan warns economy is losing momentum as estimates of losses from Monday’s protests range from HK$300 million to HK$2.6 billion.
  • One economist was blunt: ‘In Hong Kong, breaking someone’s rice bowl is unforgivable’

Financial Secretary Paul Chan at the Caixin Summit Hong Kong on June 10. Chan said on Monday that Hong Kong’s economy was in a “difficult situation”. Photo: K.Y. Cheng
Financial Secretary Paul Chan at the Caixin Summit Hong Kong on June 10. Chan said on Monday that Hong Kong’s economy was in a “difficult situation”. Photo: K.Y. Cheng
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