Hong Kong Shops Shutter as Months of Protest Darken Economic Gloom
|11/06/2019||Posted by BusinessMediaguide.Com under General World News||
Hong Kong jeweler Jun Lam has already closed one shop. His remaining outlet sits in an almost deserted shopping mall at the heart of a district regularly hit by sometimes violent protests that have rocked the Chinese-ruled city since June.
Restaurants, hotels and retail outlets like Lam’s, many of which cater to mostly mainland Chinese tourists, form a central pillar of a small business sector that employs more than one million people in the city.
But with visitors deterred by months of violence, many firms have closed or are struggling to turn a profit.
“It’s only a third of the pedestrian flow compared read more >>>