HONG KONG: Crunch talks between Hong Kong's democracy protesters and the government have been called off, just hours after demonstrators vowed to ratchet up their occupation of key parts of the city if their demands were not met.

The collapse of the talks, which were due to take place Friday, plunges the Asian financial hub into fresh crisis with protesters refusing to retreat from their barricades and an equally intransigent government rejecting further negotiations.

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