Hong Kong businesses are facing a “compounded new normal” as the city confronts challenges on multiple fronts, according to the president of the American Chamber of Commerce in Hong Kong.
The ongoing Covid-19 crisis, along with the recent passing of the national security law and troubled U.S.-China trade relations, are among the list of top concerns for companies based in the Asian financial hub, Tara Joseph told CNBC’s “Street Signs Asia” on Thursday.
“Hong Kong over the last two years has had a compounded new normal. We’re dealing with Covid. We’ve got lots of change in the terms of Hong