Huawei to trade war to Hong Kong dollar: 2019’s top 10 economy stories
- China’s trade war with the US, the Hong Kong dollar peg to the US dollar, the Belt and Road Initiative find their way into the most read economy stories of the year
- China’s social credit system, comments from Chinese economist Yu Yongding and ex-Australia prime minister Malcolm Turnbull also make the list
1. How could a sharp slowdown in China affect growth prospects for the rest of Asia? (Karen Yeung)
This story from February looked at how the threat of a sharper than expected economic slowdown in China could damage Asia’s growth prospects.
“We will have a slowdown in Asia-Pacific growth in the first quarter because of trade uncertainties between the US and China. Most companies do not invest when they worry about the future and they delay investment,” said Mahamoud Islam, Asia-Pacific senior economist at Euler Hermes. “The fact that they are delaying investment is impacting demand for goods and global trade.”
2. Hong Kong dollar could be unpegged from US dollar if protests create economic crisis, economist warns (Cissy Zhou)
This story from November looked at a warning from Chinese economist Yu Yongding that a sharp deterioration in Hong Kong’s economic health could force the city to sever its peg to the US dollar.
