Hong Kong (CNN Business)Hong Kong’s economy grew at a much weaker pace than expected in the second quarter, hurt by the US-China trade war and a global slowdown. The slump could deepen if recent mass protests continue.

GDP grew by 0.6% in the second quarter compared to the same period last year, according to preliminary figures released by the Hong Kong government on Wednesday. That was the weakest quarterly figure in a decade and well below growth of 1.5% forecast by analysts in a Bloomberg survey.In pictures: Hong Kong protests continue amid political crisisIn pictures: Hong Kong protests continue amid political crisis Photos: In pictures: Hong Kong protests continue amid political crisisDemonstrators clash with police during a protest near China's Liaison Office in Hong Kong on Sunday, July 28. Thousands of pro-democracy protesters returned to the streets of Hong Kong Sunday, the eighth week of the demonstrations.Demonstrators clash with police during a protest near China's Liaison Office in Hong Kong on Sunday, July 28. Thousands of pro-democracy protesters returned to the streets of Hong Kong Sunday, the eighth week of the demonstrations. Photos: In pictures: Hong Kong protests continue amid political crisisDemonstrators clash with police during a protest near China’s Liaison Office in Hong Kong on Sunday, July 28. Thousands of pro-democracy protesters returned to the streets of Hong Kong Sunday, the eighth week of the demonstrations.Hide Caption 1 of 64Police fire tear gas on protesters on July 28.Police fire tear gas on protesters on July 28. Photos: In pictures: Hong Kong protests continue amid political crisisPolice fire tear gas on protesters on July 28.Hide Caption 2 of 64Police officers take positions near protesters on July 28.Police officers take positions near protesters on July 28. Photos: In pictures: Hong Kong protests continue amid political crisisPolice officers take positions near protesters on July 28.Hide Caption 3 of 64Protesters take shelter under umbrellas.Protesters take shelter under umbrellas. Photos: In pictures: Hong Kong protests continue amid political crisisProtesters take shelter under umbrellas.Hide Caption 4 of 64Protesters carry US flags and placards during a march in Hong Kong on July 28.Protesters carry US flags and placards during a march in Hong Kong on July 28. Photos: In pictures: Hong Kong protests continue amid political crisisProtesters carry US flags and placards during a march in Hong Kong on July 28.Hide Caption 5 of 64The China Liaison Office emblem is protected by plexiglass during a demonstration on July 28.The China Liaison Office emblem is protected by plexiglass during a demonstration on July 28. Photos: In pictures: Hong Kong protests continue amid political crisisThe China Liaison Office emblem is protected by plexiglass during a demonstration on July 28.Hide Caption 6 of 64A protester flees from baton-wielding police in the Yuen Long district of Hong Kong on Saturday, July 27.A protester flees from baton-wielding police in the Yuen Long district of Hong Kong on Saturday, July 27. Photos: In pictures: Hong Kong protests continue amid political crisisA protester flees from baton-wielding police in the Yuen Long district of Hong Kong on Saturday, July 27.Hide Caption 7 of 64A protester looks through umbrellas during the clashes with police on July 27.A protester looks through umbrellas during the clashes with police on July 27. Photos: In pictures: Hong Kong protests continue amid political crisisA protester looks through umbrellas during the clashes with police on July 27.Hide Caption 8 of 64Demonstrators gather at Yuen Long Plaza during a protest on July 27.Demonstrators gather at Yuen Long Plaza during a protest on July 27. Photos: In pictures: Hong Kong protests continue amid political crisisDemonstrators gather at Yuen Long Plaza during a protest on July 27.Hide Caption 9 of 64Special Tactical Squad officers clash with protesters who refused to disperse from a train station in Yuen Long on July 27.Special Tactical Squad officers clash with protesters who refused to disperse from a train station in Yuen Long on July 27. Photos: In pictures: Hong Kong protests continue amid political crisisSpecial Tactical Squad officers clash with protesters who refused to disperse from a train station in Yuen Long on July 27.Hide Caption 10 of 64Travelers watch as protesters rally against a controversial extradition bill at the international airport in Hong Kong on Friday, July 26.Travelers watch as protesters rally against a controversial extradition bill at the international airport in Hong Kong on Friday, July 26. Photos: In pictures: Hong Kong protests continue amid political crisisTravelers watch as protesters rally against a controversial extradition bill at the international airport in Hong Kong on Friday, July 26.Hide Caption 11 of 64People paste Post-it notes on a demonstrator in the Hong Kong airport as part of the "Lennon Wall" movement. This occurred during a demonstration against the recent violence in Yuen Long.People paste Post-it notes on a demonstrator in the Hong Kong airport as part of the "Lennon Wall" movement. This occurred during a demonstration against the recent violence in Yuen Long. Photos: In pictures: Hong Kong protests continue amid political crisisPeople paste Post-it notes on a demonstrator in the Hong Kong airport as part of the “Lennon Wall” movement. This occurred during a demonstration against the recent violence in Yuen Long.Hide Caption 12 of 64Demonstrators stage protest at the Hong Kong International Airport on Friday.Demonstrators stage protest at the Hong Kong International Airport on Friday. Photos: In pictures: Hong Kong protests continue amid political crisisDemonstrators stage protest at the Hong Kong International Airport on Friday.Hide Caption 13 of 64Protesters shout slogans during the protest at the airport. Protesters shout slogans during the protest at the airport. Photos: In pictures: Hong Kong protests continue amid political crisisProtesters shout slogans during the protest at the airport. Hide Caption 14 of 64Protesters clash with police amid tear gas after taking part in a demonstration on Sunday, July 21.Protesters clash with police amid tear gas after taking part in a demonstration on Sunday, July 21. Photos: In pictures: Hong Kong protests continue amid political crisisProtesters clash with police amid tear gas after taking part in a demonstration on Sunday, July 21.Hide Caption 15 of 64Masked men in white t-shirts with poles are seen after attacking anti-extradition bill demonstrators at a train station in Yuen Long, early on July 22.Masked men in white t-shirts with poles are seen after attacking anti-extradition bill demonstrators at a train station in Yuen Long, early on July 22. Photos: In pictures: Hong Kong protests continue amid political crisisMasked men in white t-shirts with poles are seen after attacking anti-extradition bill demonstrators at a train station in Yuen Long, early on July 22.Hide Caption 16 of 64Police fire tear gas during an anti-extradition bill march on July 21.Police fire tear gas during an anti-extradition bill march on July 21. Photos: In pictures: Hong Kong protests continue amid political crisisPolice fire tear gas during an anti-extradition bill march on July 21.Hide Caption 17 of 64Medical workers help a protester affected by tear gas on July 21.Medical workers help a protester affected by tear gas on July 21. Photos: In pictures: Hong Kong protests continue amid political crisisMedical workers help a protester affected by tear gas on July 21.Hide Caption 18 of 64An egg thrown by a protester hits the National Emblem of the People's Republic of China at the Chinese Liaison Office in Hong Kong on July 21.An egg thrown by a protester hits the National Emblem of the People's Republic of China at the Chinese Liaison Office in Hong Kong on July 21. Photos: In pictures: Hong Kong protests continue amid political crisisAn egg thrown by a protester hits the National Emblem of the People’s Republic of China at the Chinese Liaison Office in Hong Kong on July 21.Hide Caption 19 of 64Protesters face off with police after a march on Sunday.Protesters face off with police after a march on Sunday. Photos: In pictures: Hong Kong protests continue amid political crisisProtesters face off with police after a march on Sunday.Hide Caption 20 of 64The office of pro-Beijing lawmaker Junius Ho is seen after protesters trashed the premises in Hong Kong's Tsuen Wan district.The office of pro-Beijing lawmaker Junius Ho is seen after protesters trashed the premises in Hong Kong's Tsuen Wan district. Photos: In pictures: Hong Kong protests continue amid political crisisThe office of pro-Beijing lawmaker Junius Ho is seen after protesters trashed the premises in Hong Kong’s Tsuen Wan district.Hide Caption 21 of 64A policeman fires tear gas to disperse protesters.A policeman fires tear gas to disperse protesters. Photos: In pictures: Hong Kong protests continue amid political crisisA policeman fires tear gas to disperse protesters.Hide Caption 22 of 64A protester covers a security camera outside the Chinese government's liaison office in Hong Kong.A protester covers a security camera outside the Chinese government's liaison office in Hong Kong. Photos: In pictures: Hong Kong protests continue amid political crisisA protester covers a security camera outside the Chinese government’s liaison office in Hong Kong.Hide Caption 23 of 64Protesters gather for a demonstration on July 21.Protesters gather for a demonstration on July 21. Photos: In pictures: Hong Kong protests continue amid political crisisProtesters gather for a demonstration on July 21.Hide Caption 24 of 64Police officers use pepper spray to disperse protesters after a rally in Sheung Shui district on July 13. Police officers use pepper spray to disperse protesters after a rally in Sheung Shui district on July 13. Photos: In pictures: Hong Kong protests continue amid political crisisPolice officers use pepper spray to disperse protesters after a rally in Sheung Shui district on July 13. Hide Caption 25 of 64Police officers walk through tear gas as they break up the crowd.Police officers walk through tear gas as they break up the crowd. Photos: In pictures: Hong Kong protests continue amid political crisisPolice officers walk through tear gas as they break up the crowd.Hide Caption 26 of 64A demonstrator sprays paint inside a chamber at Hong Kong's Legislative Council building, where protesters forced their way in on Monday, July 1.A demonstrator sprays paint inside a chamber at Hong Kong's Legislative Council building, where protesters forced their way in on Monday, July 1. Photos: In pictures: Hong Kong protests continue amid political crisisA demonstrator sprays paint inside a chamber at Hong Kong’s Legislative Council building, where protesters forced their way in on Monday, July 1.Hide Caption 27 of 64The meeting hall of the Legislative Council is taken over by demonstrators on July 1.The meeting hall of the Legislative Council is taken over by demonstrators on July 1. Photos: In pictures: Hong Kong protests continue amid political crisisThe meeting hall of the Legislative Council is taken over by demonstrators on July 1.Hide Caption 28 of 64A protester uses a megaphone to speak to other protesters inside the Legislative Council building.A protester uses a megaphone to speak to other protesters inside the Legislative Council building. Photos: In pictures: Hong Kong protests continue amid political crisisA protester uses a megaphone to speak to other protesters inside the Legislative Council building.Hide Caption 29 of 64Protesters stream into the Legislative Council building.Protesters stream into the Legislative Council building. Photos: In pictures: Hong Kong protests continue amid political crisisProtesters stream into the Legislative Council building.Hide Caption 30 of 64A protester smashes a window of the Legislative Council building.A protester smashes a window of the Legislative Council building. Photos: In pictures: Hong Kong protests continue amid political crisisA protester smashes a window of the Legislative Council building.Hide Caption 31 of 64Protesters holding umbrellas face off with police officers wearing anti-riot gear on July 1.Protesters holding umbrellas face off with police officers wearing anti-riot gear on July 1. Photos: In pictures: Hong Kong protests continue amid political crisisProtesters holding umbrellas face off with police officers wearing anti-riot gear on July 1.Hide Caption 32 of 64Police standing inside the Hong Kong government headquarters look through broken glass as protesters try to smash their way into the building on July 1.Police standing inside the Hong Kong government headquarters look through broken glass as protesters try to smash their way into the building on July 1. Photos: In pictures: Hong Kong protests continue amid political crisisPolice standing inside the Hong Kong government headquarters look through broken glass as protesters try to smash their way into the building on July 1.Hide Caption 33 of 64Columns of sunlight are cast on a crowd during the march on July 1.Columns of sunlight are cast on a crowd during the march on July 1. Photos: In pictures: Hong Kong protests continue amid political crisisColumns of sunlight are cast on a crowd during the march on July 1.Hide Caption 34 of 64Helicopters carrying the flags of China and Hong Kong fly over demonstrators on July 1.Helicopters carrying the flags of China and Hong Kong fly over demonstrators on July 1. Photos: In pictures: Hong Kong protests continue amid political crisisHelicopters carrying the flags of China and Hong Kong fly over demonstrators on July 1.Hide Caption 35 of 64Pro-democracy lawmaker Roy Kwong rallies demonstrators with a megaphone on July 1.Pro-democracy lawmaker Roy Kwong rallies demonstrators with a megaphone on July 1. Photos: In pictures: Hong Kong protests continue amid political crisisPro-democracy lawmaker Roy Kwong rallies demonstrators with a megaphone on July 1.Hide Caption 36 of 64A protester holds up a placard as thousands flood the streets of Hong Kong on July 1.A protester holds up a placard as thousands flood the streets of Hong Kong on July 1. Photos: In pictures: Hong Kong protests continue amid political crisisA protester holds up a placard as thousands flood the streets of Hong Kong on July 1.Hide Caption 37 of 64A police officer uses pepper spray during a clash with protesters on July 1.A police officer uses pepper spray during a clash with protesters on July 1. Photos: In pictures: Hong Kong protests continue amid political crisisA police officer uses pepper spray during a clash with protesters on July 1.Hide Caption 38 of 64Protesters face police on July 1.Protesters face police on July 1. Photos: In pictures: Hong Kong protests continue amid political crisisProtesters face police on July 1.Hide Caption 39 of 64A protester wearing a T-shirt with the word "revolution" walks past an inscription on a road that reads "Long Live HK."A protester wearing a T-shirt with the word "revolution" walks past an inscription on a road that reads "Long Live HK." Photos: In pictures: Hong Kong protests continue amid political crisisA protester wearing a T-shirt with the word “revolution” walks past an inscription on a road that reads “Long Live HK.”Hide Caption 40 of 64Police detain protesters near the government headquarters in Hong Kong on July 1.Police detain protesters near the government headquarters in Hong Kong on July 1. Photos: In pictures: Hong Kong protests continue amid political crisisPolice detain protesters near the government headquarters in Hong Kong on July 1.Hide Caption 41 of 64A protester places anti-government posters at the traffic sign that indicates the entrance to the government complex building.A protester places anti-government posters at the traffic sign that indicates the entrance to the government complex building. Photos: In pictures: Hong Kong protests continue amid political crisisA protester places anti-government posters at the traffic sign that indicates the entrance to the government complex building.Hide Caption 42 of 64Protesters remove their shirts after being pepper-sprayed by police.Protesters remove their shirts after being pepper-sprayed by police. Photos: In pictures: Hong Kong protests continue amid political crisisProtesters remove their shirts after being pepper-sprayed by police.Hide Caption 43 of 64An overhead view shows thousands of protesters marching through a Hong Kong street on Sunday, June 16.An overhead view shows thousands of protesters marching through a Hong Kong street on Sunday, June 16. Photos: In pictures: Hong Kong protests continue amid political crisisAn overhead view shows thousands of protesters marching through a Hong Kong street on Sunday, June 16.Hide Caption 44 of 64A protester returns a tear-gas canister fired by police during clashes outside the government headquarters in Hong Kong on Wednesday, June 12.A protester returns a tear-gas canister fired by police during clashes outside the government headquarters in Hong Kong on Wednesday, June 12. Photos: In pictures: Hong Kong protests continue amid political crisisA protester returns a tear-gas canister fired by police during clashes outside the government headquarters in Hong Kong on Wednesday, June 12.Hide Caption 45 of 64Rubber bullets, pepper spray and hand-thrown tear gas were used to push back protesters who had occupied the city's main thoroughfare and other roads near the government headquarters on June 12, Hong Kong Police Commissioner Steven Lo Wai-chung said.Rubber bullets, pepper spray and hand-thrown tear gas were used to push back protesters who had occupied the city's main thoroughfare and other roads near the government headquarters on June 12, Hong Kong Police Commissioner Steven Lo Wai-chung said. Photos: In pictures: Hong Kong protests continue amid political crisisRubber bullets, pepper spray and hand-thrown tear gas were used to push back protesters who had occupied the city’s main thoroughfare and other roads near the government headquarters on June 12, Hong Kong Police Commissioner Steven Lo Wai-chung said.Hide Caption 46 of 64Protesters run after police fired tear gas on June 12.Protesters run after police fired tear gas on June 12. Photos: In pictures: Hong Kong protests continue amid political crisisProtesters run after police fired tear gas on June 12.Hide Caption 47 of 64A police officer reacts to an umbrella that was thrown near the Legislative Council building on June 12. The Umbrella Movement in 2014 galvanized Hong Kong's youth and was mainly student-led. But lately there have been lawyers, business people and middle-aged people protesting for the first time.A police officer reacts to an umbrella that was thrown near the Legislative Council building on June 12. The Umbrella Movement in 2014 galvanized Hong Kong's youth and was mainly student-led. But lately there have been lawyers, business people and middle-aged people protesting for the first time. Photos: In pictures: Hong Kong protests continue amid political crisisA police officer reacts to an umbrella that was thrown near the Legislative Council building on June 12. The Umbrella Movement in 2014 galvanized Hong Kong’s youth and was mainly student-led. But lately there have been lawyers, business people and middle-aged people protesting for the first time.Hide Caption 48 of 64Police officers use a water cannon on a protester near the government headquarters.Police officers use a water cannon on a protester near the government headquarters. Photos: In pictures: Hong Kong protests continue amid political crisisPolice officers use a water cannon on a protester near the government headquarters.Hide Caption 49 of 64Protesters shield themselves against pepper spray used by police.Protesters shield themselves against pepper spray used by police. Photos: In pictures: Hong Kong protests continue amid political crisisProtesters shield themselves against pepper spray used by police.Hide Caption 50 of 64Police officers fire tear gas during the demonstration on June 12.Police officers fire tear gas during the demonstration on June 12. Photos: In pictures: Hong Kong protests continue amid political crisisPolice officers fire tear gas during the demonstration on June 12.Hide Caption 51 of 64A protester reacts as she is grabbed by police on June 12.A protester reacts as she is grabbed by police on June 12. Photos: In pictures: Hong Kong protests continue amid political crisisA protester reacts as she is grabbed by police on June 12.Hide Caption 52 of 64Police and protesters clash outside the Legislative Council building on June 12.Police and protesters clash outside the Legislative Council building on June 12. Photos: In pictures: Hong Kong protests continue amid political crisisPolice and protesters clash outside the Legislative Council building on June 12.Hide Caption 53 of 64Protesters face off with police during the rally on June 12.Protesters face off with police during the rally on June 12. Photos: In pictures: Hong Kong protests continue amid political crisisProtesters face off with police during the rally on June 12.Hide Caption 54 of 64A protester rests during the demonstration on June 12. Protesters began arriving the night before.A protester rests during the demonstration on June 12. Protesters began arriving the night before. Photos: In pictures: Hong Kong protests continue amid political crisisA protester rests during the demonstration on June 12. Protesters began arriving the night before.Hide Caption 55 of 64By the morning of June 12, tens of thousands of mainly young people had arrived in the area, blocking streets and bringing central Hong Kong to a standstill.By the morning of June 12, tens of thousands of mainly young people had arrived in the area, blocking streets and bringing central Hong Kong to a standstill. Photos: In pictures: Hong Kong protests continue amid political crisisBy the morning of June 12, tens of thousands of mainly young people had arrived in the area, blocking streets and bringing central Hong Kong to a standstill.Hide Caption 56 of 64Protesters block major roads near the Legislative Council and government headquarters. Hundreds of businesses, parents and teachers called for a boycott of work and school to show their opposition to the extradition bill.Protesters block major roads near the Legislative Council and government headquarters. Hundreds of businesses, parents and teachers called for a boycott of work and school to show their opposition to the extradition bill. Photos: In pictures: Hong Kong protests continue amid political crisisProtesters block major roads near the Legislative Council and government headquarters. Hundreds of businesses, parents and teachers called for a boycott of work and school to show their opposition to the extradition bill.Hide Caption 57 of 64A demonstrator holds a sign during the June 12 rally.A demonstrator holds a sign during the June 12 rally. Photos: In pictures: Hong Kong protests continue amid political crisisA demonstrator holds a sign during the June 12 rally.Hide Caption 58 of 64Police officers charge toward protesters during clashes on Monday, June 10. It was a continuation of protests that started the day before.Police officers charge toward protesters during clashes on Monday, June 10. It was a continuation of protests that started the day before. Photos: In pictures: Hong Kong protests continue amid political crisisPolice officers charge toward protesters during clashes on Monday, June 10. It was a continuation of protests that started the day before.Hide Caption 59 of 64A police camera films the rally on Sunday, June 9.A police camera films the rally on Sunday, June 9. Photos: In pictures: Hong Kong protests continue amid political crisisA police camera films the rally on Sunday, June 9.Hide Caption 60 of 64Protesters hold pictures of Hong Kong Chief Executive Carrie Lam on June 9.Protesters hold pictures of Hong Kong Chief Executive Carrie Lam on June 9. Photos: In pictures: Hong Kong protests continue amid political crisisProtesters hold pictures of Hong Kong Chief Executive Carrie Lam on June 9.Hide Caption 61 of 64Protesters on June 9 waved placards and wore white -- the designated color of the rally. "Hong Kong, never give up!" some chanted.Protesters on June 9 waved placards and wore white -- the designated color of the rally. "Hong Kong, never give up!" some chanted. Photos: In pictures: Hong Kong protests continue amid political crisisProtesters on June 9 waved placards and wore white — the designated color of the rally. “Hong Kong, never give up!” some chanted.Hide Caption 62 of 64A crowd fills a Hong Kong street on June 9.A crowd fills a Hong Kong street on June 9. Photos: In pictures: Hong Kong protests continue amid political crisisA crowd fills a Hong Kong street on June 9.Hide Caption 63 of 64Students wear chains during a demonstration on Saturday, June 8.Students wear chains during a demonstration on Saturday, June 8. Photos: In pictures: Hong Kong protests continue amid political crisisStudents wear chains during a demonstration on Saturday, June 8.Hide Caption 64 of 6414B hong kong protests13 hong kong protests05 hong kong protests 072810 hong kong protests01 hong kong protests 072809 hong kong protests06 hong kong protests12 hong kong protests11 hong kong protests07 hong kong protests01 hong kong protest 072606 hong kong protest 072603 hong kong protest 072604 hong kong protest 072611 hong kong protest 072101 hong kong unrest 072210 hong kong protest 072101 hong kong protest 072106 hong kong protest 072108 hong kong protest 072101 hong kong protest 072209 hong kong protest 072112 hong kong protest 072107 hong kong protest 072101 hong kong protests 071335 hong kong protest 0701 RESTRICTED21 hong kong protest 070122 hong kong protest 070125 hong kong protest 070119 hong kong protest 070106 hong kong protest 0701 RESTRICTED05 hong kong protest 070103 hong kong protest 070120 hong kong protest 070104 hong kong protest 0701 RESTRICTED09 hong kong protest 070110 hong kong protest 070111 hong kong protest 0701HK rallies 2007 hong kong protest 07010701 HK rallies 0212 hong kong protest 0701 RESTRICTED08 hong kong protest 0701HK rallies10 hong kong protests 061211 hong kong protests 061225 hong kong protests 061214 hong kong protests 06120612 HK protests 0522 hong kong protests 061226 hong kong protests 0612 RESTRICTED18 hong kong protests 061209 hong kong protests 061221 hong kong protests 061224 hong kong protests 06120612 HK protests 1005 hong kong protests 061220 hong kong protests 061224 Hong Kong Extradition 061004 hong kong protests 060904 Hong Kong Extradition Protest02 hong kong protests 060901 hong kong protests 060901 hong kong protest 0608Compared with the first quarter, GDP shrank by 0.3%. The Hong Kong government said goods exports declined due to setbacks in Asian manufacturing and trading. Investment also fell.”As local economic sentiment deteriorated visibly in the face of increasing downside risks facing the global economy and other headwinds, private consumption expenditure only grew modestly and overall investment expenditure fell further,” a Hong Kong government spokesman said. Analysts said the outlook for growth in Asia’s premier financial hub was weak, and could deteriorate further if protests seen over the past two months continue. Read MoreMass protests have taken place on eight consecutive weekends. The initial spark was a bill that would have allowed extradition to mainland China, but protesters are now demanding greater democracy for the city, an inquiry into alleged policy brutality and the resignation of Hong Kong chief executive Carrie Lam.Hong Kong's protests are starting to hurt its businessHong Kong's protests are starting to hurt its businessHong Kong's protests are starting to hurt its business“The drag from the US-China trade war looks set to intensify, particularly if the ongoing trade talks break down as we expect,” said Julian Evans-Pritchard, senior China economist at Capital Economics. “And with the protests turning more violent and disruptive, there is a risk that they could have a bigger impact on activity in the coming quarters.”Hong Kong’s retail and tourism sectors could suffer. “Whether it is a small shop on the street or a shopping mall, most of them have had to shorten business hours as they wait for the protesters to leave,” said Iris Pang, Greater China economist at ING. Following the latest round of demonstrations, the American Chamber of Commerce in Hong Kong on Monday called for “firm” government leadership to restore sagging business confidence.Girl, 16, among 44 people charged with rioting in Hong Kong protestsGirl, 16, among 44 people charged with rioting in Hong Kong protestsGirl, 16, among 44 people charged with rioting in Hong Kong protests“AmCham urges the government to stem any further damage and show clear leadership in meeting the expectations of Hong Kong people and in restoring the city’s international reputation for effective governance under the ‘one country, two systems’ framework,” AmCham President Tara Joseph said.Paul Chan, the city’s top finance official, said Sunday that the mass demonstrations have hurt local merchants and “worried all those who are in Hong Kong.””We expect Q3 to be weaker than previously forecast as the current political turmoil weighs on consumer and business sentiment,” noted Tommy Wu at Oxford Economics.Wu expects Hong Kong’s GDP to grow by less than 1% this year, compared with 3% in 2018.

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https://www.cnn.com/2019/07/31/economy/hong-kong-economy/index.html

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