HONG KONG - Hong Kong slid into recession for the first time in a decade in the third quarter, weighed down by increasingly violent anti-government protests and the protracted U.S.-China trade war.
From a year earlier, gross domestic product contracted 2.9%. The readings were the weakest for the Asian financial hub since the global financial crisis in 2008/2009. Capital Economics said in a research note that while GDP would probably continue to contract in the fourth quarter, the pace of contraction should ease somewhat barring a further escalation in the demonstrations.
Serves them right. And it's not like these rioting protesters had jobs to begin with. Unemployed losers looking for something to do.
FreeHongKong
More to come now that the world has seen how vulnerable HongKong's rule of law and institution is under CCPChina. Just how many months did it take to decay into a HongKongPoliceState?
Ppl should cooperate with their government more. our government knows what’s best for us. they are smarter than us & know what to do in all matters. the protests must stop & everyone must assimilate & show that they are good little drones. JUST DO WHAT U R TOLD TO DO!
If a city relies on a single country for its income, it can be at recession anytime by the manipulation of that country. FreeHongKong FightForFreedom NeverForget 831terrotattack HongKongProtests
But it is not awful than become HKPoliceState ! The main public transport serve police only;traffic light turn off by gov; the law department help hkpolicebrutality; gangs cooperate with police beat people! I think no one would like to live a place like this!
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