With banks scaling back, fears grow that regional economic powerhouse might slide into recession.

Asia’s economies have so far managed to escape the economic crisis in Europe and the US.

But that resilience seems to be waning as fears grow that Hong Kong – a regional economic powerhouse – could slide into recession.

As Al Jazeera’s Rob Mcbride reports from Hong Kong, the banks especially have been scaling back, even the ones that managed to ride out the financial tsunami.