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Hong Kong protests

Hong Kong struggles to find new growth engines amid recession

Identity crisis rattles city's traditional role as China's middleman to world

The effects of the trade war and political turmoil in Hong Kong have pushed the city into its first recession since the global financial crisis. Businesses are re-examining its close, yet volatile, relations with the mainland.   © Reuters

HONG KONG -- When Frank Wang, founder of the world's largest consumer drone company, reflected on his career a few years ago, he underscored the crucial role that Hong Kong had played in his success.

For the native of Hangzhou, who left a university in China for the Hong Kong University of Science and Technology in 2003, the city offered the essentials that the mainland lacked to kick start his company, DJI.

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