Hong Kong economy - updates

Rappler's latest stories on Hong Kong economy


Hong Kong economy shrinks record 8.9% in Q1 2020

May 04, 2020 - 6:40 PM

This is the worst decline in gross domestic product since the Hong Kong government began compiling data in 1974

FRESH PRODUCE. In this picture taken in Hong Kong on March 18, 2020, Mandy Tang (center right), who used to be an interior designer and is now a housewife, picks up a locally grown beetroot at Mapopo Community Farm. Photo by Anthony Wallace/AFP

Coronavirus drags Hong Kong business outlook to record low

Mar 04, 2020 - 3:05 PM

The Purchasing Managers' Index for Hong Kong's economy plunges in February 2020, pulled down by the novel coronavirus

HONG KONG. A worker wears a face mask as a preventive measure against COVID-19, as he takes a rest in a storeroom of a public toilet in Tsim Sha Tsui of Hong Kong on February 12, 2020. Photo by Philip Fong/AFP

Hong Kong to give big cash handouts as economy reels from virus

Feb 26, 2020 - 3:10 PM

Hong Kong permanent residents aged 18 or above will each get HK$10,000 ($1,280)

CORONAVIRUS. People wear masks on a train on the first day of the Lunar New Year of the Rat in Hong Kong on January 25, 2020. Photo by Dale De La Rey/AFP

Hong Kong economy shrinks for first time in a decade

Feb 03, 2020 - 10:30 PM

The United States-China trade war and months of protests take their toll on Hong Kong's economy in 2019

TOURISM DECLINING. A shot of the Mong Kok district in Hong Kong. Photo from Shutterstock

Hong Kong plunges into recession as protests, trade war take toll

Oct 31, 2019 - 7:25 PM

It is the first time Hong Kong has witnessed a recession since early 2009 at the height of the financial crisis

This photo taken on October 12, 2019 shows pedestrians crossing a road outside Chungking Mansions (back C-L) in the Tsim Sha Tsui district of Kowloon in Hong Kong. (Photo by Anthony WALLACE / AFP)

How Hong Kong's protests are affecting its economy

Aug 24, 2019 - 9:00 AM

Today’s protests in Hong Kong will have lasting consequences. While most of them are difficult to anticipate, some of the economic impacts are already being felt and add up to long-term challenges to the city’s prosperity.

DISPERSAL. Police personnel fire tear gas shells to disperse Pro-Democracy protestors in the Sham Shui Po Area of Hong Kong on August 14, 2019. Photo by Manan Vatsyayana/AFP

Tourism in trouble: Hong Kong protests hit economy

Aug 11, 2019 - 11:00 PM

Visitor arrivals and hotel occupancy rates in Hong Kong are down 'double-digit' percentages, as protests continue

Hong Kong leader rules out concessions, warns of economic downturn

Aug 09, 2019 - 10:23 PM

'Compared to the economic downturn caused by SARS that we handled previously, even to the (2008) economic crisis, the situation this time is more severe,' says Carrie Lam

ECONOMY. In this file photo, Chief Executive Carrie Lam speaks during a press conference at the government headquarters in Hong Kong on June 10, 2019. File photo by Anthony Wallace/AFP

Hong Kong growth stalls in Q2 2019 amid trade war, protests

Jul 31, 2019 - 9:00 PM

Hong Kong's economy posts 0.6% growth in the 2nd quarter of 2019, with the government blaming a drop in exports and 'sluggish' domestic demand

A general view shows residential and office buildings in Hong Kong on July 30, 2019. (Photo by ISAAC LAWRENCE / AFP)

Moody's downgrades Hong Kong outlook to 'negative'

Mar 12, 2016 - 6:44 PM

Moody s cites fears of increasing Chinese interference and rising political tension in the city as reasons behind the downgrade

A sign for Moody's rating agency is displayed at the company headquarters in New York, September 18, 2012. AFP PHOTO/Emmanuel Dunand

Protests blamed as Hong Kong misses growth targets

Feb 25, 2015 - 2:07 PM

Finance secretary John Tsang says local industries had been damaged by more than two months of pro democracy protests

A view of the Hong Kong skyline, Hong Kong, China, 15 August 2014. Alex Hofford/EPA

Pro-democracy protests hit Hong Kong's core retail sector

Oct 05, 2014 - 1:51 PM

Major disruptions in Hong Kong could lead the city s economy into recession

Pro-democracy protesters face an anti-Occupy Central crowd on day six of the mass civil disobedience campaign in Hong Kong. Photo by EPA/ALEX HOFFORD

Hong Kong opens new luxury cruise terminal

Jun 13, 2013 - 8:50 AM

The new terminal built on the runway of the old Kai Tak airport will be able to accommodate the largest cruise ships in the world

MORE TOURISTS WELCOME. Hong Kong's famed Victoria Harbour will get busier with the launch of the new luxury cruise terminal. Photo by Philippe Lopez/AFP

Hong Kong economic growth slows to 0.4% in January-March

May 11, 2012 - 5:37 PM

Hong Kong s economic growth slowed sharply in the first quarter of the year due to sluggish exports and a weak global economy