Approval of the city's leader Carrie Lam has plunged in the past six months. Hong Kong now expects its economy to contract 2.9% this year and there's no sign that the protests will end any time soon.
Demonstrators have been locked in a stalemate with the local government since early June in protests initially sparked by a bill that would have enabled extradition to mainland China.
The unrest adds further pressure on Hong Kong's economy, already hit by global uncertainty amid the U.S.-China trade war. Demonstrators have been locked in a stalemate with the local government since early June amid protests initially sparked by a bill that would have enabled extradition to mainland China. On June 9, a million people marched through the financial center to demonstrate their opposition. Approximately 2 million people marched in protest a week later.
Government opposition was fueled by anger with police conduct as well as how Lam's administration dealt with the protests, Ma Ngok, associate professor in the department of government and public administration at the Chinese University of Hong Kong, told CNBC.
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