Hong Kong Sees Highest Jobless Rate in a Decade

The video discusses Hong Kong's situation amid the coronavirus pandemic, highlighting its relatively low case numbers but significant economic challenges due to previous protests and the US-China Trade War. Unemployment rates are rising, with sectors like construction and tourism heavily impacted. Fitch has downgraded Hong Kong's credit rating, citing a second major shock from the virus. Politically, tensions are high with recent arrests of democracy protesters and potential for future unrest, especially with upcoming elections and Beijing's influence.

What factors have contributed to the bleak job market in Hong Kong?

• High number of coronavirus cases

• Strong economic growth

• US-China Trade War and protests

• Increase in tourism

Which sector in Hong Kong experienced an unemployment rate of 8.6% due to social distancing rules?

• Food and Beverage

• Tourism

• Construction

• Technology

What percentage of Hong Kong's jobs is made up by the trade and logistics sector?

• 10.5%

• 18.6%

• 25.3%

• 30.1%

What event is expected to take place in September that could influence Hong Kong's political landscape?

• Presidential elections

• District Council elections

• Referendum on independence

• Legislative Council elections

What action did Beijing take in response to the political situation in Hong Kong?

• Increased trade tariffs

• Made harder line appointments to local offices

• Implemented new social distancing rules

• Opened new trade routes