It’s the financial hub’s first recession in a decade.
reported that Hong Kong’s economy shrank 3.2% for the July-September quarter, and said it will contract 1.3% for the year.0.5% in the period of April through June.
Factors Chan attributed to Hong Kong’s economic woes were thegovernment economist Andrew Wu blamed: brutal, neverending protests, the ongoing U.S./China trade war and a global economic slowdown.in a secondary listing there .
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