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Hong Kong Is Feeling China's Pain
A slowing Chinese economy and the mainland's anti-corruption and austerity campaigns are keeping tourists and shoppers away
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For Hong Kong, it's been one thing after another when it comes to China.
A series of anti-China and pro-democracy protests last year prompted stores to close and mainland tour groups to cancel bookings. Meanwhile, a slowing Chinese economy and President Xi Jinping's anti-corruption and austerity campaigns have also made the Chinese more wary of buying pricey cognac and Gucci bags in the city.