HONG KONG - John Lam’s safety equipment shop has been spared the global downdraft shaking Hong Kong’s economy. In times of crisis, businesses providing basic necessities tend to fare better.
At times, he could not replenish stocks fast enough to meet demand. Some customers were buying 50 items at once. But lately, in a sign of saturation, demand has been easing. The reality of a slowing economy is also kicking in. Indeed, the problems facing Hong Kong’s wide-open economy - which is expected to grind to a halt in coming quarters - run so deep that even those businesses whose products have been repurposed as protest paraphernalia are losing momentum.
“Surely we are also experiencing an overall economic downturn. And when there was tear gas, we shut the door,” Hui said.The economy has become a focus for a public relations battle between authorities and protesters.
one system
This article is objective compared with other western media.But rather than blaming mainland for the downturn,they should ask their real estate businessmen for money.Also,it is unacceptable that they beat up a mainland tourists to protest
'If we say that the economic deterioration is all related to the protests, it is extremely unfair,' Tang said. 'We should shift the question to why youngsters sacrifice themselves.' Couldn’t have said it better. The govt shouldn’t use the hkprotest as a scapegoat - so cheap
Very informative article highlighting different perspectives and the complexity of the issue - I wish this was the norm but in today’s age, it’s sadly not. I’m incredibly happy whenever I read an objective piece of journalism - so thank you!
I am worried about military intervention in Hong Kong.
Yes they are peaceful protests. They just invented new form of democracy. Trust me, it's very convincing.
Very good friend
Oh well okay sorry shut it all down I guess.
HKprotests is only in the late evenings, anybody can do the shopping in the daytime, it is very normal during daytime.
When foreign spies are in town..... Money rains.. 😂 😂 😂 😂
When you deal with communists like the Chinese Communist Party, you will get a lot of deal broken. They don't play by the rules.
Wow ground breaking news.
Well, fancy that.
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