Marriott CEO: Business in Hong Kong down 50% due to protest turmoil and slowing China
Hong Kong’s economy— hard hit from widespread antigovernment protests — as well as uncertainty over the U.S.-China trade war, are key topics of discussion among political and business leaders at the World Economic Forum’s annual meeting in Davos, Switzerland. It’s not surprising, considering Moody’s downgraded Hong Kong’s credit rating by one notch to Aa3 from Aa2 on Monday, citing concerns…
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