Occupy Hong Kong
Divya Gopalan on the economic impact of occupy movement in China’s special administrative region.
Hong Kong has become the flashpoint for a pro-democracy movement no one really saw coming and which is challenging Beijing’s longterm power.
The so-called Umbrella Revolution has been accused of spreading chaos in the financial hub. The concern is echoed by business leaders, who say that if the protests continue, Hong Kong’s economy will take a hit.
The idea that Hong Kong could become regarded as a hotbed of social discontent raises questions for bankers over how long the city can expect to receive special the treatment that has helped it generate enormous business from China’s strategy to internationalise the yuan.
Divya Gopalan reports on the economic impact of Hong Kong’s occupy movement.