Hong Kong Chief Executive Carrie Lam said there is “no room for optimism” on economic growth this year
Protests are denting Hong Kong’s economic growth, business sentiment and financial markets.
A worsening spiral of violence and demonstrations marks the former British colony’s worst social and political crisis since it returned to Chinese rule in 1997. The controversial prospect of extraditions to mainland China, and the resulting unrest, have clouded Hong Kong’s status as a global financial center.In a rare news conference, China’s top office for Hong Kong affairs offered tacit support for further efforts by the city's authorities to punish violence and uphold the rule of law.
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