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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
Hong Kong Chief Executive Carrie Lam attends a news conference in Hong Kong |
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.