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Published on 14/01/2020 2:25:40 PM | Source: Reuters

Hong Kong leader pledges $1.3 billion in new relief measures to prop up weakened economy

Posted in Top Stories| #World Market #Hong Kong

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HONG KONG (Reuters) - Hong Kong's embattled leader Carrie Lam on Tuesday pledged HK$10 billion ($1.3 billion) in new relief measures to prop up an economy as it grapples with months of anti-government protests that have hurt business confidence in the city.

The proposed new spending brings the global financial hub's total stimulus to HK$35 billion since this summer, when protests escalated and have since taken a heavy economic toll, especially in the tourism and retail sectors.

 

(Reporting By Clare Jim, Donny Kwok and Sharon Tam, Writing by Anne Marie Roantree; Editing by Shri Navaratnam)