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16/10 Occupy Hong Kong Updates

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  1. #61

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    Quote Originally Posted by Cho-man:
    Fishy statistics if you asked me.
    Quote Originally Posted by drumbrake:
    Thanks.

    So next question is about the statement, "HK has lost 350 billion HK dollars in the period since the unrest began to October 7th". HK$350 billion seems quite a lot to me. Anyone have an idea how he got this figure?
    Hong Kong's nominal GDP (not PPP) for all of 2013 was $274 billion USD in 2013 according to the IMF: List of countries by GDP (nominal) - Wikipedia, the free encyclopedia

    At today's exchange rate of 7.76 HKD to $1 USD, HK's nominal GDP in 2013 was $2.12 Trillion HKD. Divide $2.12 Trillion by 12 and last year, Hong Kong's average nominal GDP for an entire month was 177 Billion HKD.

    So Occupy Central has cost HKD $350 billion in losses, which is equivalent to two months of Hong Kong's nominal GDP from 2013 (ie. shutting down all production, services, and businesses in HK for 2 months straight).

    The funny thing is, Occupy Central isn't even 2 months old. How it can do the same damage as shutting down all of HK's production, services, and businesses for 2 months straight is beyond me.

  2. #62

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    See Reddit

  3. #63

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    Quote Originally Posted by drumbrake:
    Thanks.

    So next question is about the statement, "HK has lost 350 billion HK dollars in the period since the unrest began to October 7th". HK$350 billion seems quite a lot to me. Anyone have an idea how he got this figure?
    I think the source article they translated got this wrong. This guy seems to be the founder of "Silent Majority":

    Professor putting a price on protest | South China Morning Post
    drumbrake likes this.

  4. #64

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    Quote Originally Posted by drumbrake:


    See Reddit
    I love that delicious irony...

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