Skip to content
Businessweek
Politics

Hong Kong Risks Everything With ‘Impossible’ Covid-Zero Goal

  • City is trying to stop the spread of omicron as world opens up
  • Strict curbs threaten economic growth, jobs recovery
Bloomberg business news
WATCH: ”Hong Kong has deployed its toughest #Covid19 restrictions yet, stopping short of a lockdown. But many businesses are struggling to stay afloat despite more relief funds injected.Source: Quicktake
Updated on

Hong Kong is doubling down on a Covid-Zero strategy that has failed almost everywhere else, battering its economy and threatening its status as an international financial center just as much of the world learns to live with the virus.

While countries from the U.S. to Australia are winding down pandemic restrictions, Hong Kong is imposing its toughest measures since Covid first emerged more than two years ago. From Thursday, gatherings of more than two people in public are banned, while no more than two households can mix in private. Violators face a fine of at least HK$5,000 ($642).