HONG KONG - Hong Kong businesses that have managed to stay afloat through almost six months of sometimes-violent protests are looking to the upcoming Christmas and Chinese New Year period with a mixture of hope and trepidation.
That raises the stakes for the coming months. Many businesses will be forced to make hard choices: whether to continue the fight into next year or give up as leases come up for renewal and employee bonuses must be paid. Chow Tai Fook Jewellery Group will look to cut costs by seeking bigger rent discounts, reducing advertising and reviewing store networks in Hong Kong and Macau, the company said in a webcast after reporting that first-half net income sank 21 per cent. The company has leases on more than 40 stores in Hong Kong and Macau expiring in the next fiscal year.
Just landed this afternoon. This was the HK airport at 3:30 pm today. Look at the baggage claim area. All thanks to the US, Jimmy Lai, Martin Li, Anson Chan, Alan Leong, Tanya Chan wtc, and the pan dems.
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