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

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.

    The priceless racism of the Duke of Edinburgh

    The priceless racism of the Duke of Edinburgh

    Prince Philip has done the world an extraordinary service by exposing the racist hypocrisy of "Western civilisation".

    China will determine the future of Venezuela

    China will determine the future of Venezuela

    There are a number of reasons why Beijing continues to back Maduro's government despite suffering financial losses.