A man walks past a closed store on Hollywood Road in Hong Kong, on March 16, 2020.

A man walks past a closed store on Hollywood Road in Hong Kong, on March 16, 2020.

Photographer: Paul Yeung/Bloomberg
Economics

How One Street Shows Hong Kong’s Deep-Seated Economic Pain

  • Hollywood Road in Sheung Wan is peppered with empty shops
  • Small businesses are closing their doors as pandemic spreads

A walk down Hollywood Road shows the devastation wrought by the one-two punch of coronavirus and last year’s anti-government protests.

Empty shops dot the once-bustling strip long popular with expats and tourists — steel grates drawn and “For Lease” signs plastering the shutters.