www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Opinion / Editorials

Tyranny of minority in Hong Kong takes its toll

(China Daily) Updated: 2014-10-08 08:08

Much has been talked about the perniciousness of the tyranny of the minority in politics. But no other event in the world has ever demonstrated such obvious harm as the "Occupy Central" campaign in Hong Kong does now.

Against the wishes of the majority of Hong Kong, the illegal movement masterminded by a few political hotheads has disrupted the normal operation of the city's major commercial centers.

While the magnitude of working hours and business transactions lost due to the disruptions in the city can hardly be measured in any terms, the impact of days of street confrontations on the stock market is more readily quantified. Initial estimates have put investors' aggregate losses at no less than HK$350 billion.

Retailers have also taken the brunt, with sales in disrupted districts plunging by 30 to 40 percent over the past few days according to initial estimate by the Hong Kong Retail Management Association. It is conceivable that the figures will deteriorate in future weeks, or even months, as more visitors shun the city following a slew of travel warnings by foreign governments.

With the negative impacts on retail sales and tourism - one of the four pillars of the city's economy - rippling through other sectors, the performance of Hong Kong's economy will be seriously affected. Both rating agency Moody's and the World Bank have warned of the negative consequences on the city's near-term economic performance, with the latter now projecting a slower 2014 growth rate than was being forecast earlier.

The medium- and long-term consequences on the city's overall economic well-being could be more serious if disruptive protests continue for a longer period of time.

There have been fears among economists and analysts that Hong Kong's ability to function as an international financial hub could be undermined if the situation gets worse. With regional rivals gearing up to grab a bigger role in the global financial services sector, this is definitely the least desirable scenario for a city that counts financial and professional services as two of its four pillars for economic growth.

While Hong Kong bears the brunt of the negative impact of the city's street politics, the mainland economy could also be affected to some extent in the long-term, given the close economic ties between Hong Kong and the mainland. This is particularly apparent when considering that the city plays the role as a bridge between the mainland and the external world, as well as a testing ground for financial reforms on the mainland.

Previous Page 1 2 Next Page

Most Viewed Today's Top News
...
主站蜘蛛池模板: 精品国产一区二区三区免费看 | 精品国产一区二区二三区在线观看 | 久草5| 中文字幕一区二区在线观看 | 性欧美videos高清精品 | 性欧美f | 国产区一区二区三 | 国产精品久久在线观看 | 午夜性色福利视频在线视频 | 夜色视频一区二区三区 | 欧美日韩一区二区在线视频 | 国产区在线免费观看 | 玖玖精品视频在线 | 亚洲精品视频免费在线观看 | 亚洲国产小视频 | 欧美日本一道高清二区三区 | 成人免费看www网址入口 | 国产一级片大全 | 夜间福利在线观看 | 性生活免费视频网站 | 欧美在线 | 欧美 | 亚洲综合一区二区精品久久 | 国产中文久久精品 | 日本三级香港三级人妇99 | 久草视频新 | 一区二区三区高清在线 | 玖草| 在线欧洲成人免费视频 | 亚洲美女视频网址 | 国产免费观看a大片的网站 国产免费黄色网址 | 台湾精品视频在线观看 | 亚洲专区在线 | 久草最新网址 | 精品一区二区三区在线播放 | www.久久视频 | 国产91成人精品亚洲精品 | 看全色黄大色黄大片毛片 | 亚洲一级毛片免观看 | 亚洲精品99久久久久久 | 国产精品国产三级国产专 | 国产精品久久久久久久y |