Hong Kong Protests Create Ripple Effect Across The Global Economy

The Daily Caller | 8/12/2019 | Staff
vpp1219 (Posted by) Level 3
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The enduring protests and strikes in Hong Kong are making it increasingly difficult to do business with companies regionally and internationally.

As a result of these ongoing protests, there have been a number of sectors that have been negatively impacted in domestic China and abroad. Demonstrations have closed stores down and rattled China’s financial and transportation systems, leading to the cancellation of more than 150 airline flights, further impeding financial growth on a global scale. Airlines are reportedly understaffed with workers going on strike.

Stores - Disney - Products - Luxury - Brands

Retail stores selling Disney products and luxury brands have seen a decline in sales and one of Hong Kong’s largest banks, HSBC, has closed several of its branches. Chief Financial Officer of HSBC, Edward Stevenson cautioned that companies can suffer deeper effects if the protests continue.

Multiple countries have warned their citizens planning to travel to Hong Kong. Hong Kong’s International Airport closed, which has affected tourist...
(Excerpt) Read more at: The Daily Caller
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