Lets dig deeper into what is going on in hong kong. Hong kong is braced for more demonstrations and a general strike called for monday and tuesday. The protests are the longest running political demonstration in the territory since the handover in 1997. Over the weekend, thousands of protesters blocked roads to the territorys main airport. Hong kong has a world class Financial Centre and stock market, and the tiny island has a gdp bigger than many industrialised countries. But its main bourse the hang seng has performed badly over the past month, with investors from the chinese mainland buying some 5. 1 billion of stocks. The protests are affecting the economy, particularly retailers. On friday, retail sales figures forjuly declined 11. 4 from a year earlier to just over 34 billion. Then theres tourism. Hong kong is one of the worlds most visited cities and the demos have been blamed forjuly monthly visitors numbers falling for the first time this year to 4. 8 from a year earlier to 5.
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