HONG KONG: Hong Kong’s economy stalled last year as the ongoing China-US trade dispute and retail woes dragged down local business, the city…
HONG KONG: Hong Kong’s economy stalled last year as the ongoing China-US trade dispute and retail woes dragged down local business, the city’s financial chief said Sunday (Feb 17).
Beijing and Washington have already imposed duties on more than US$360 billion in two-way trade, roiling global financial markets and weighing heavily on manufacturing output in both countries.
«The impact of China-US trade frictions on Hong Kong’s exports has clearly emerged at the end of last year,» said finance secretary Paul Chan.
