Hong Kong set to become another damper on China's economy

China's economy, which has posted its lowest quarterly economic growth in nearly 30 years against a backdrop of trade spats with the United States, is likely to be plagued by another headache -- Hong Kong.As the Hong Kong economy has been facing the risk of a recession with months-long pro-democracy protests escalating, the city could lose its status as an international financial hub, possibly eroding direct investment to China, analysts say.Moreover, recent U.S. moves to revoke the special economic privileges that Hong Kong has enjoyed would also decelerate growth of the mainland, which ha…READ FULL ARTICLE