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Opinion

Hong Kong's economic troubles are just beginning

When even civil servants go on strike, city must fear for future

| Hong Kong, Macao
Retail stores inside a shopping mall at Yuen Long have closed down on July 22: there are already economic effects from the protest.   © Reuters

Hong Kong, a city whose main business is, well, doing business, is facing an existential problem.

After two months of protests, violence and shutdowns for business and civil society alike, investors are expressing "growing discontent with the heavy-handed police response, public backlashes and the government's seeming inability to address the public's concerns [which] could cause long-lasting damage to business confidence," say analysts at Fitch Ratings.

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