Downturn to hit Hong Kong like a 'tsunami', as China slaps warning on Cathay
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Summary
6 Min ReadHONG KONG (Reuters) - Hong Kong’s protests are hitting its economy, the city’s leader Carrie Lam said on Friday, echoing warnings from business leaders including powerful local property developers, as about 1,000 mostly young activists occupied the airport arrivals hall. “I don’t think we should just sort of make concessions in order to silence the violent protesters.” Young people have been at the forefront of the protests, worried about China encroaching on Hong Kong’s freedoms but also concerned with issues such as sky-high living costs and what many see as an unfair housing policy favoring the wealthy. We are not rioters, we are a group of Hong Kong people fighting for human rights and freedom.” Marches are planned across Hong Kong, Kowloon and the New Territories over the weekend, where protesters could see a shift in police tactics.
As said here by Noah Sin