Hong Kong economy stalls amid trade dispute: finance chief

Hong Kong economy stalls amid trade dispute: finance chiefHong Kong’s economy stalled last year as the ongoing China-US trade dispute and retail woes dragged down local business, the city’s financial chief said Sunday. Beijing and Washington have already imposed duties on more than $ 360 billion in two-way trade, roiling global financial markets and weighing heavily on manufacturing output in both countries. “The impact of China-US trade frictions on Hong Kong’s exports has clearly emerged at the end of last year,” said finance secretary Paul Chan.



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