Oriental Daily A1: Businesses retreat due to economic crisis

The cold economic wind is blowing across Hong Kong. After the Lunar New Year consumption wave has passed, there are reports of closures in all walks of life in Hong Kong, including time-honored shops that have been operating for more than 70 years, as well as chain restaurants and neighborhood shops. Katoyamoto, a Japanese restaurant with multiple branches…

The economy is weak and businesses are facing difficulties

As the economic chill hits, all walks of life in Hong Kong are feeling tremendous pressure. Many companies began to face difficulties after the Lunar New Year, and news of closures spread one after another. This is a big blow to local economic development.

Time-honored stores find it difficult to maintain operations

Some time-honored stores that have been in business for more than 70 years are not immune to the fate of closure. These shops were once memories of local people, but they cannot survive the economic downturn.

Chain restaurants face pressure to survive

Chain restaurants have a place in Hong Kong, but they are struggling to stay afloat amid a weak economy. It is a pity that many chain restaurants have announced their withdrawal.

Neighbor shops are struggling to operate

Neighborhood shops are part of the local community, but they are struggling to stay afloat during the economic downturn. Many neighborhood shops are facing pressure to survive, which makes people feel distressed.

Conclusion

The economy is seriously ill, and the news that businesses have been cut off and withdrawn is deeply worrying. It is hoped that in the days to come, the local economy will be able to get out of the predicament and all walks of life will be able to regain their strength and continue to contribute to the prosperity and development of Hong Kong.