The ongoing anti-government protests in Hong Kong have affected the city's economy, particularly the retail, tourism and banking sectors, according to officials. The Hong Kong Tourism Board reported a "sharp decline" in visitor arrivals for the second half of June, while the city's Retail Management Association warned business could be "greatly affected" if the protests continued into the peak summer season. A protester holds up his arms as he stands on top of an occupied police vehicle during clashes with riot police.
The ongoing anti-government protests in Hong Kong have affected the city's economy, particularly the retail, tourism and banking sectors, according to officials. The Hong Kong Tourism Board reported a "sharp decline" in visitor arrivals for the second half of June, while the city's Retail Management Association warned business could be "greatly affected" if the protests continued into the peak summer season. HSBC temporarily closed some of its branches, and economists said Hong Kong's reputation as a global business hub was at risk from the demonstrations.