Recently, I came across the article that talks about the influences of Hong Kong’s Umbrella Protest business wide. The protest not only takes places near the schools, but it also takes places at the central financial centre of Hong Kong. Therefore, Hong Kong’s economy has been greatly influenced throughout this protest. The ANZ Bank indicates that more than $2bn Hong Kong dollars have be lost due to the pro-democracy protests. Since the Chinese government has suspended the mainland tour group or individuals travel to Hong Kong at the moment. This action leads to the following influnces.

As a large portion of Hong Kong’s GDP is contributed from the mainlanders. Because of the large amount of travellers each year to Hong Kong and also the strong consumer purchasing power, Hong Kong’s GDP has been incredibly increased each year. According to this news from CNN, approximately 1.2 million tourists travelled to Hong Kong’s popular luxury shopping district during the Chinese Golden Holiday. However, due to the Chineses government’s action this year, Hong Kong will lose so much money because of the less consumers spending on their products. The closures of travelling Hong Kong directly lead to their market growth and Gross Domestic Product per Capita decline. Therefore, political issues is a very vital part in business as it is the external factor that might increase or decrease the barrier of a company.