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Hong Kong Economy to be Hit by Omicron Wave, Finance Chief Says

A closed bar in the Lan Kwai Fong nightlife area in Hong Kong, on Jan. 7.

A closed bar in the Lan Kwai Fong nightlife area in Hong Kong, on Jan. 7.

Photographer: Paul Yeung/Bloomberg

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Hong Kong Financial Secretary Paul Chan expects the city’s economy to take a hit as a fifth wave of coronavirus infections sparked by the omicron variant takes hold.