Hong Kong Q1 GDP contracted record 8.9 per cent

[CHN Bamboo]

HONG KONG, May 4 (Xinhua) -- Hong Kong's Gross Domestic Product (GDP) contracted 8.9 percent year-on-year in the first quarter of this year, the largest recorded decline since the reference period of the first quarter of 1974, as the COVID-19 pandemic has weakened both domestic and external demand, the Hong Kong Special Administrative Region (HKSAR) government said Monday.

Meanwhile, Hong Kong's economy fell 3 percent in the fourth quarter of last year, according to advance estimates of the Census and Statistics Department of the HKSAR government.

 

[Daniel808]

Q4 2019 -3%
Q1 2020 -8.9%
Q2 2020 ?

Damn, Silent Majority in HK need to take action toward those rioters

@grey boy 2

 

[bbccdd1470]

Q4 2019 -3%
Q1 2020 -8.9%
Q2 2020 ?

Damn, Silent Majority in HK need to take action toward those rioters

@grey boy 2

The rioters are starting to come back since HK is weakest link of Chna (Looks like their master has given the order). Also we are not the silent majority, the rioters and their supporters are the majority where this is sad but true.

 

[+4vsgorillas-Apebane]

I cant stop crying!!!!!!!

From laughter.

HEHEHEHEHEH AROOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!

Fook them.

 

[rott]

the rioters and their supporters are the majority where this is sad but true.

This isn't good then.

 

[bbccdd1470]

This isn't good then.

Yes, they have planned that since the handover. I remember members here laughed at me, when I first mentioned how our education system have failed our young generations. Just recently, we have found out that a teacher had been feeding his P.2 (Grade 2, 7 or 8 years old) students wrong history by saying that opium war was started because British Empire wanted to save Chinese people from smoking opium, the fault was on Chinese because they smoked too much. If we are not during quarantine where kids have to study at home, their parent may not able to find out what those yellow teachers are actually teaching to their kids. By looking at the new generation in HK, I would say this is only a tip of the iceberg.