Hong Kong Faces Numerous Challenges Surrounding COVID and its Economy

The last few years have been very difficult for Hong Kong.  The riots in 2019 were followed by COVID in 2020 and then the loss of civil liberties as a result.  Now the economy is in danger.

Hong Kong is facing many hurdles.  One individual in Hong Kong shared some of the challenges for the people in this tiny country.

In China, the property crisis worsens as more debt is coming due and new starts for builders are down 47% from last year.  This impacts Hong Kong banks and the economy there as well.

The mood in Hong Kong is bearish with the local markets dropping to lows not seen since 2016.

Hong Kong banks are providing employees bonuses to try to boost morale.

Hong Kong is being destroyed by COVID policies all recommended and enforced by China.  Add to that the property crisis in China and you have a perfect storm. 

Dear Reader - The enemies of freedom are choking off the Gateway Pundit from the resources we need to bring you the truth. Since many asked for it, we now have a way for you to support The Gateway Pundit directly - and get ad-reduced access. Plus, there are goodies like a special Gateway Pundit coffee mug for supporters at a higher level. You can see all the options by clicking here - thank you for your support!
Photo of author
Joe Hoft is a Radio Host at TNTRadio.live, Author, Former International Corporate Executive in Hong Kong for a Decade, and a Contributor at TGP since 2016. Joe is the author of five books, including his new bestseller, "The Steal: Volume II - The Impossible Occurs" which addresses the stolen 2020 Election and provides an inventory of issues that prove that the 2020 Election was uncertifiable and never should have been certified for Joe Biden.

You can email Joe Hoft here, and read more of Joe Hoft's articles here.


Thanks for sharing!