HONG KONG—Hong Kong’s Fung Shing Restaurant was bustling this week as customers came for one last taste of the traditional Cantonese dim sum that has made it famous. With COVID-19 restrictions cutting too deeply into its bottom line, the restaurant will shut its doors for good on Sunday, another economic victim of the pandemic. Many fear the worst is yet to come with Hong Kong experiencing its most severe outbreak, and fret the authorities’ determination to stick to the Chinese regime’s “zero-tolerance” strategy may prevent it from recovering as a financial and travel hub. “The biggest risk of Hong Kong in 2022 is that it may be entering the path of basically, if not recession, at least a downward drag in economic growth again while the world begins to normalize,”said Natixis senior economist Gary Ng. Hong Kong has seen banks close branches and movie theaters have shut down. The streets …
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