After the U.S. State Department on July 16 issued a warning for multinational companies in Hong Kong, reminding firms that the current situation in Hong Kong will likely negatively affect their operations, a Hong Kong economist and financial columnist said that even if the notice was not issued, most companies would have already made preparations.
Law Ka-Chung, a Hong Kong economist and former professor in the Department of Finance and Economics at the City University of Hong Kong, said in a video interview with The Epoch Times that the business environment in Hong Kong has been heading in a bad direction for quite some time now.
