Hong Kong’s specialness being eroded, zero growth plausible – SP Global – ZAWYA

  • Date: 20-Jul-2020
  • Source: Zawya
  • Sector:Economy
  • Country:UAE
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Hong Kong’s specialness being eroded, zero growth plausible – SP Global – ZAWYA

hong kong's "specialness" being eroded, zero growth plausible - s&p global a second risk was an accelerated financial opening of mainland china    general view of buildings at wan chai neighborhood in hong kong, china, august 22, 2019. london- the erosion of hong kong's "specialness" and its rapidly aging population could see its trend growth more than halve over the next decade and even plunge to zero in a "plausible" downside scenario, rating agency s&p global estimated on monday.hong kong's long-term economic prospects faced risks from the deterioration in the u.s.-china relationship, resulting in a decoupling of the u.s. dollar and chinese financial systems, the agency said.a second risk was an accelerated financial opening of mainland china that would lessen hong kong's role as a global financial centre.hong kong's long-term economic prospects faced risks from the deterioration in the u.s.-china relationship, resulting in a decoupling of the u.s. dollar and chinese financial systems, the agency said.a second risk was an accelerated financial opening of mainland china that would lessen hong kong's role as a global financial centre."hong kong's specialness is being eroded," s&p said in a new report. "a plausible downside scenario could see trend growth of zero in a