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The trade war may reverse Hong Kong’s commercial decline
Nineteen global law firms had closed their Hong Kong practices by 2023. FedEx opted to ship its regional headquarters to expat-friendlier Singapore. So did other multinationals, from L’Oréal, a French maker of posh cosmetics, to Lidl, a German cut-price retailer. LVMH started running its luxury labels from the mainland.
Several US-listed mainland Chinese companies have reached out to the Hong Kong government amid the escalating trade war, the city’s innovation minister has said, while calling for the financial ...
Hong Kong’s postal service will stop handling packages coming from or going to the United States in the latest retaliatory move amid an escalating trade war between Washington and Beijing.
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