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Hong Kong’s Economy Starts to Feel the Hit from Protest Chaos

  • Retailers see risk of lower sales as disruption endures
  • City’s economy is already slowing, retail is contracting
Bloomberg business news
Hong Kong Protests Timeline
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Hong Kong is beginning to reckon with the economic cost of ongoing protests against the government’s extradition bill, as the disruption risks driving away local shoppers and deterring tourists from mainland China.

The Hong Kong Retail Management Association said Tuesday that “most members” reported a single-to-double-digit drop in average sales revenue between June and the first week of July, when multiple demonstrations converging on major office and retail districts took place.