Hong Kong

hong: Photo AP Hong Kong is now facing a situation more serious than SARS epidemic and previous financial crises, warned Hong Kong Chief Executive Carrie Lam on Friday, and she called on society to stop the violence and restore Hong Kong's plummeting economy, which was hit by economic tsunami, according to Global Times China. Lam made the remarks at a news conference Friday after she met 33 representatives from tourism, retail, finance, banking and other industries. The violence and radical behavior of protesters was widely condemned. Hong Kong is facing problems from inside and outside, including the trade war between China and the US, and the recent political clashes in this region, said Lam, noting that the impact on the region's economy won't be short-term. Small and medium-sized businesses have suffered a 30 percent drop, which is the result of months-long protests, Joe Chau Kwok-ming, president of the Hong Kong General Chamber of Small and Medium Business, said at the press conference. Export enterprises face difficulties after the China-US trade war. (news.financializer.com). As reported in the news.