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Hong Kong protests

Hong Kong's Li Ka-shing urges 'no violence' amid weakening economy

Business leaders warn public on protests as city moves toward possible recession

Protesters in Hong Kong's financial district in June. The government on Friday said the economy expanded 0.5% in the April to June period from a year earlier. (Photo by Ken Kobayashi)

HONG KONG -- Amid growing signs that Hong Kong may be slipping into recession, businessman Li Ka-shing on Friday added his voice to a chorus of local tycoons and companies publicly denouncing violence after weeks of clashes between anti-government demonstrators and police.

The economy continued to face significant downward pressure in the second quarter of this year, the government said on Friday. Gross domestic product expanded at a modest pace of 0.5% in the April to June period compared with a year earlier, slightly slower than the 0.6% growth in the preceding three months.

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