Yam issues protectionism warning
03-02-2009
The Chief Executive of the Monetary Authority, Joseph Yam, has warned that protectionism may emerge during the next stage of the financial crisis. Mr Yam told legislators it was uncertain whether this stage had arrived yet. But he said it might take several forms - including even tighter credit restrictions - - and protectionism - which could affect the renewal of syndicated loans in Hong Kong.
