January 14, 2020 / 8:00 AM / in a month

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

Hong Kong Chief Executive Carrie Lam attends a news conference in Hong Kong, China January 7, 2020. REUTERS/Navesh Chitrakar

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 grapple 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.

($1 = 7.7736 Hong Kong dollars)

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below