Hong Kong's waning economic resilience

With banks scaling back, fears grow that regional economic powerhouse might slide into recession.

    Asia's economies have so far managed to escape the economic crisis in Europe and the US. 

    But that resilience seems to be waning as fears grow that Hong Kong - a regional economic powerhouse - could slide into recession.

    As Al Jazeera’s Rob Mcbride reports from Hong Kong, the banks especially have been scaling back, even the ones that managed to ride out the financial tsunami.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Double standards: 'Why aren't we all with Somalia?'

    Double standards: 'Why aren't we all with Somalia?'

    More than 300 people died in Somalia but some are asking why there was less news coverage and sympathy on social media.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Kobe Steel: A scandal made in Japan

    Kobe Steel: A scandal made in Japan

    Japan's third-largest steelmaker has admitted it faked data on parts used in cars, planes and trains.