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Amid Political Uncertainty, Companies in Hong Kong Have Gloomy Business Outlook for 2021: Survey

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Amid Political Uncertainty, Companies in Hong Kong Have Gloomy Business Outlook for 2021: Survey

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40 percent of companies in Hong Kong are pessimistic about the outlook of the city’s business environment for 2021, according to a business survey released on Jan. 11. The survey was carried out by the American Chamber (AmCham) of Commerce in Hong Kong, which obtained responses from 15 percent of its members, or 181 participants, between Dec. 11 last year and Jan. 4 this year. Among those polled, 51 percent said their companies are headquartered in the United States, followed by 37 percent with headquarters in Hong Kong. Those that expressed pessimism said that they believed the city’s business environment would continue to be unstable or get worse in the next 12 months. Among their top concerns for 2021 were troubled U.S.-China relations, Hong Kong’s fractious political situation, and a resurgence of infection cases caused by the CCP (Chinese Communist Party) virus, commonly known as the novel coronavirus. “Close to …

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