HongKong

As Hong Kong’s economy contracts, all the more reason to tackle the housing crisis




Hong Kong’s economy has been severely affected by the anti-extradition protests, the US-China trade war and the Covid-19 pandemic. The city recorded its biggest-ever quarterly economic contraction since 1974, with a year-on-year gross domestic product drop of 8.9 per cent.

The government has so far put forward a two-part relief package worth almost HK$30 billion. However, due to the political conflicts within the Legislative Council, some measures are yet to be implemented. If the government…



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