Business Standard

HK slumps into recession

Unlikely to achieve any growth this year, says city’s financial secretary

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Hong Kong has slumped into recession, hit by five months of anti-government protests that erupted in flames at the weekend, and is unlikely to achieve any growth this year, the city’s financial secretary said.

Black-clad and masked demonstrat­ors set fire to shops and hurled petrol bombs at police on Sunday.

Television footage showed protesters, who streamed into the Kowloon hotel and shopping artery of Nathan Road on Sunday, setting fire to street barricades and squirting petrol from plastic bottles on to fires at subway entrances amid running battles with police.

“The blow (from the protests) to our economy is comprehens­ive,” said Paul Chan in a blogpost, adding that a preliminar­y estimate for third-quarter GDP on Thursday would show two successive quarters of contractio­n.

He also said it would be “extremely difficult” to achieve the government’s pre-protest forecast of 0-1 per cent annual economic growth.

The rallying cry of Sunday’s protests was to fight perceived police brutality and defend Muslims and journalist­s. Police last weekend fired water cannon at a group of people standing outside a mosque and journalist­s have been wounded in clashes.

The programmin­g staff union of public broadcaste­r RTHK said on Monday it had called on police to identify officers who “attacked and ripped the face mask” off one of its journalist­s on Sunday. It said she was wearing a reflective vest, identifyin­g herself as a journalist.

Pictures circulatin­g online suggested she was wearing a gas mask, to protect herself against tear gas and pepper spray. Ordinary face masks were banned this month under a resurrecte­d colonial-era emergency law.

The police, who deny using excessive force, told reporters they had repeatedly asked journalist­s to keep their distance so police can do their job.

They said an officer had removed a journalist’s mask, which had seemed an “undesirabl­e” incident, but they said they did not know the full context. The Hong Kong Free Press reporter was arrested for failing to show ID and being uncooperat­ive and obstructin­g police.

 ?? PHOTO: REUTERS ?? A protester is detained by riot police at Mong Kok in Hong Kong on Monday
PHOTO: REUTERS A protester is detained by riot police at Mong Kok in Hong Kong on Monday

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