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9 February - The first time that Hong Kong recorded more than 1,000 COVID-19 infections in one day. [1]10 February - Vaccine Pass scheme launched. [2]15 February - Chinese Communist Party leader Xi Jinping stressed to the Hong Kong government which must take the “main responsibility” in containing coronavirus pandemic and placing top priority on stability and people’s lives.
In 2009, Hong Kong's real economic growth fell by 2.8% as a result of the Great Recession. [33] By the late 20th century, Hong Kong was the seventh largest port in the world and second only to New York City and Rotterdam in terms of container throughput. Hong Kong is a full Member of the World Trade Organization. [34]
Hong Kong's economy recorded in the first quarter its deepest annual contraction since at least 1974, as the coronavirus pandemic dealt a heavy blow to business activity, already in decline ...
The group stated that its total liabilities on 31 December 2022 stood at 2.43 trillion yuan (roughly US$340 billion), up from 2 trillion yuan [1] in September 2021. Court hearings on the restructuring of the group's debts were to be held in July 2023 in Hong Kong and the Caribbean.
For instance, around when his recession indicator first flashed in 2022, Wall Street's consensus swiftly moved to call for a recession. A broad swath of tech layoffs hit in the coming months.
It was speculated this played a role in Hong's resignation from BOCOM International [1] [6] At the end of October 2022, Hong stated that Hong Kong and China shares had bottomed out and that once the COVID-19 restrictions were lifted in a few months, the stock market would rally with the Hang Seng Index reaching as high as 23,000 in the next 12 ...
Hong Kong's economy contracted for the first time in a decade in 2019 as violent anti-government protests and trade tariffs between Washington and Beijing took more steam out of the economy in the ...
The Hong Kong economy was the first out of the four to undergo industrialization with the development of a textile industry in the 1950s. By the 1960s, manufacturing in the British colony had expanded and diversified to include clothing, electronics, and plastics for export orientation . [ 10 ]