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Bloomberg
Protest-battered Hong Kong should also brace itself for an “economic typhoon†caused by the US-China trade war and recent political unrest in the city, Financial Secretary Paul Chan wrote in a blog post on Sunday.
The warning from the city’s top budget official came after Hong Kong slashed its 2019 growth forecast to as little as zero, down from a previous range of 2 percent to 3 percent.
The government also adopted a $2.4 billion spending package to try to buoy the economy — a move that Chen likened to the food stockpiles that households gather to gird themselves against a typhoon.