Hong Kong’s economy
Hong Kong has been racked with government protests for months and now combatting the spread of the coronavirus has led to the closure of 10 of 13 entry points from mainland China. Data on February 3rd showed the economy shrank by 2.9% yoy, there is most likely worse to come. Other Asian countries have let their currencies weaken, easing financial conditions, not so Hong Kong. It is tied to the $, $7.75-7 . . .
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