Hong Kong Exports Fall for Ninth Month

The video discusses Hong Kong's economic challenges, focusing on the impact of the trade war and the role of the government. Hong Kong's trade, which constitutes a significant part of its GDP, is being squeezed by tariffs, affecting its economy. The government is expected to take more fiscal measures to counteract these effects, as monetary policy is limited due to the currency peg to the US dollar. The economy is likely heading towards a recession, and more government intervention is anticipated.

What percentage of Hong Kong's GDP is made up by trade?

• 10%

• 40%

• 30%

• 20%

What is one of the main factors currently affecting Hong Kong's economy?

• Rising oil prices

• Trade war

• Increased tourism

• Technological advancements

What role does Hong Kong's port play in the current economic situation?

• It is a major tourist attraction

• It is a financial hub

• It is a gateway for imports and exports

• It is a center for technological innovation

What is one of the suggested government actions to address the economic challenges?

• Increase interest rates

• Reduce taxes

• Expand the tourism sector

• Implement fiscal measures

Why is monetary policy not a viable option for Hong Kong to address its economic issues?

• Interest rates are already at zero

• Hong Kong lacks a central bank

• The government prefers fiscal measures

• Hong Kong has a fixed exchange rate with the US dollar