President of the HK General Chamber of Commerce warns against persistent border closure as HK’s economy has already lost HK$600 billion


20th June 2021 – (Hong Kong) The COVID-19 pandemic has caused Hong Kong’s economy to continue to be impacted and many industries have closed down. The President of the Hong Kong General Chamber of Commerce, George Leung stated on a radio program this morning (20th) that according to the International Monetary Fund (IMF) estimates, Hong Kong’s economy has lost HK$600 billion under the epidemic, describing the number as quite large.

Persistent border closure will make it difficult to resume various economic activities, which may cause the local economy to sink further. Regarding the ineffectiveness of the government’s inoculation program, the coverage rate of the COVID-19 vaccination in Hong Kong is still low. He pointed out that the business sector has tried to launch multiple lotteries for vaccinated citizens, which is considered a win-win solution and the move will help the economic recovery and also allow the public to resume some social activities.