HONG KONG: Hong Kong’s food and beverage industry has taken a hit from the US-China trade war and the recent protests over the now-abandoned extradition bill in the second quarter of this year, with uncertainty looming large as the civil unrest continues.
Estimated data released on Friday showed the city reported declines in total values of restaurant receipts in all three months, posting an overall 0.4% fall year on year to HK$28.7bil, and a 4.6% slump from the first quarter.
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