Hong Kong’s economic growth in the second quarter stood at 0.6 per cent year on year, but the city’s finance chief noted that GDP had shrunk on a quarter-to-quarter basis. Photo: EPA-EFE

Hong Kong could roll out relief measures to buttress economy, amid domestic unrest and US-China trade war

  • Finance chief tells nationalist tabloid Global Times the city could enter a technical recession in the third quarter
  • Chan adds he is unworried by competition from mainland Chinese rivals
Topic |   Hong Kong economy

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Hong Kong’s economic growth in the second quarter stood at 0.6 per cent year on year, but the city’s finance chief noted that GDP had shrunk on a quarter-to-quarter basis. Photo: EPA-EFE
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Esprit has closed a total of 169 loss-making shops and its has reduced office space in Hong Kong and Germany. Photo: Bloomberg

Hong Kong fashion house Esprit says protests to blame for 40 per cent drop in customer traffic

  • Company posts better-than-expected results for year ending June 30, sees net loss of HK$2.14 billion
  • Rents ‘simply too high’ for retailers, executive chairman says
Topic |   Hong Kong protests

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Esprit has closed a total of 169 loss-making shops and its has reduced office space in Hong Kong and Germany. Photo: Bloomberg
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