Hong Kong Economy Takes Hit From Trade, Protests

The video discusses the economic challenges faced by Hong Kong due to the trade war and internal issues like protests and weak retail sales. In contrast, Taiwan's economy is thriving, driven by government policies encouraging investment and companies relocating from China to avoid US tariffs. However, a new travel ban from mainland China to Taiwan may impact its tourism sector, though it's a small part of the GDP.

What are the two main factors contributing to Hong Kong's economic pessimism?

• Tourism boom

• Strong retail sales

• Increase in foreign investments

• Trade war and global trade slowdown

How has Taiwan managed to achieve better-than-expected economic results?

• By reducing domestic production

• By encouraging investment back from mainland China

• By focusing solely on tourism

• By increasing tariffs on US goods

What is one of the reasons Taiwan is benefiting from the trade war?

• Companies moving production back to Taiwan

• Increased tourism from South Korea

• Decreased domestic investment

• Higher tariffs on Taiwanese goods

What is the expected impact of the travel ban on Taiwan's economy?

• Boost in retail sales

• Significant impact on GDP

• Minimal impact due to tourism's small GDP share

• Increase in foreign investments

What percentage of Taiwan's GDP was tourism in 2017?

• 15%

• 2%

• 10%

• 5%