The data was released as the semi-autonomous city begins the lunar new year facing another economic crisis – thewhich began on the Chinese mainland and is compounding Hong Kong's economic woes.
The crisis was initially sparked by the trade war between Beijing and Washington, hitting the export-heavy economy. Official figures released on Monday showed Hong Kong's gross domestic product shrank 1.2% on-year for 2019. Clashes between protesters hurling bricks and petrol bombs and police wielding tear gas and rubber bulletsin the last two months, but the underlying cause has not gone away.
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Hong Kong economy shrank 1.2 percent in 2019
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