Home United States USA — China Hong Kong’s economy shrank by 9 percent in the second quarter.

Hong Kong’s economy shrank by 9 percent in the second quarter.

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The fallout of the global coronavirus pandemic has pulled Hong Kong’s economy further into decline over the past three months, with the Chinese territory on Wednesday…
The fallout of the global coronavirus pandemic has pulled Hong Kong’s economy further into decline over the past three months, with the Chinese territory on Wednesday reporting a 9 percent contraction.
Hong Kong has been dealt additional economic blows alongside the virus, including monthslong anti-government protests last year and a bruising trade war between China and the United States that has dampened trade in the city.

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