Hong Kong Economic News

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#1
Hong Kong hoteliers say market’s a ‘disaster’ as 90 per cent of rooms stay vacant amid viral outbreak
https://www.scmp.com/business/article/30...acant-amid
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#2
Coronavirus: Hong Kong expert claims outbreak is now a pandemic and US death could be ‘tip of the iceberg’
https://www.scmp.com/news/hong-kong/heal...isease-now
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#3
Replying to what is in scmp.com report ( in post 2) ,

Asked if the virus, which causes the Covid-19 disease was now a global pandemic, Leung said the only reason for not classifying it as such was maybe the word “triggers public fear”.

“Technically this is a pandemic, as it is spreading locally in many countries … but the World Health Organisation insisted that it should only be called pandemic when local outbreaks get out of control,” he said.

It seems that BlueKelah's recent pandemic forecast posted in the "china economic news" thread is now coming true.
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#4
LVMH is shifting out of Hong Kong as luxury shoppers stay home

For LVMH, which owns brands including Louis Vuitton, Christian Dior and Tiffany & Co., the post-COVID recovery has been much slower in Hong Kong than elsewhere in Greater China, according to one of the people.

The company expects the pivot by Chinese shoppers to buying more domestically to continue, with the portion of total luxury spending that’s done within the mainland expected to almost double from pre-COVID levels, one of the people said.

https://english.alarabiya.net/business/e...-stay-home
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