From the Global Tourism market for just a couple months now open again for business the damage has been done to its most important industry. Business done a mask its halloween but theres a ban on them in hong kong official confirms hong kong is in recession just as the tear gas is released again on prodemocracy protests is defying a ban on mosques this halloween. A new wave of consolidation in the car industry. To create the worlds 4th largest. Cut off from the Global Tourism market for just a couple months now open again for business but the damage has been done to its most important industry. Business done a mosque its halloween. But there is a ban on them in hong kong still thats not stopping demonstrators from joining in
celebrations at the same time is continuing their campaign to preserve the territories autonomy from china others are painting their faces Officials Say they wont force anyone to wipe off the makeup unless they look suspicious whatever the case the political turmoi
Market for just a couple months now open again for business but the damage is being done to its most important industry. Ive been fizzling its a Business Done a mosque its halloween but theres a ban on them in hong kong still thats not stopping demonstrators from joining in celebrations at the same time is continuing their campaign to preserve the territories autonomy from china others are painting their faces Officials Say they wont force anyone to wipe off the makeup unless they look suspicious whatever the case the political turmoil is hurting tourism and trade hong kong is now in recession its worst showing since the Global Financial crisis course mystic product shrank by just over 3 percent in the 3rd quarter. 5 months of unrest and Political Uncertainty have piled immense pressure on the economy it was already reeling from the impact of the u. S. China trade war tourism take is added to the Gloom Arrivals in hong kong falling by
hof this month. Hong kong used to pride itself on b
Ive been fizzling its new Business Done a mask its halloween but theres a ban on them in hong kong still thats not stopping demonstrators from joining in celebrations at the same time is continuing their campaign to preserve the territories autonomy from china others are painting their faces Officials Say they wont force anyone to wipe off the makeup unless they look suspicious whatever the case the political turmoil is hurting tourism and trade hong kong is now in recession its worst showing since the Global Financial crisis course mystic product shrank by just over 3 percent in the 3rd quarter. 5 months of unrest and Political Uncertainty have piled immense pressure on the economy it was already reeling from the impact of the us China Trade War Tourism figures added to the Gloom Arrivals in hong kong falling by hof this month. Hong kong used to pride itself on being ages shopping in tourism capital. Customers packed the malls
and markets to snap up tax free goods and luxury products.
a big one isn t it it is i mean tourism is a big part of the economy there things are at the airport closing certain didn t help does a lot of people making investment decisions are going to be thinking twice about hong kong right now there s a strong suspicion of capital flight to places like singapore so there s a lot of very strong reasons directly linked to directly linked to the protests but on the other hand we also have broader concerns that would have happened anyway particularly the us china trade spot because hong kong is particularly sensitive to that given that it s always seen as the gateway to china. so that s been a big factor as well analysts have been telling me this is going to be going on for a long time and columnists i read today as saying that the economy could shrink all full quarters next year is it really that bad well it s been pretty extreme i mean i think that hong kong is incredibly flexible economy and it can move very quickly and it could also recover ver
is in recession these this political unrest is not the only reason but it is a big one isn t it it is i mean tourism is a big part of the economy there things are at the airport closing certain didn t help does a lot of people making investment decisions are going to be thinking twice about hong kong right now there s a strong suspicion of capital flight to places like singapore so there s a lot of very strong reasons directly linked to directly linked to the protests but on the other hand we also have broader concerns that would have happened anyway particularly the u.s. china trade spot because hong kong is particularly sensitive to that given that it s always seen as the gateway to china. and so that s been a big factor as well analysts have been telling me this is going to be going on for a long time and columnists i read today as saying that the economy could shrink all 4 quarters next year is it really that bad well it s been pretty extreme i mean i think that hong kong is incred