BREAKING NEWS

Hong Kong announces fresh relief measures of $255 million to boost economy

Hong Kong announces fresh relief measures of $255 million to boost economy
The harbour skyline is seen during sunset in Hong Kong, China October 18, 2019. REUTERS/Ammar Awad -
Copyright
AMMAR AWAD(Reuters)
Euronews logo
Text size Aa Aa

HONGKONG (Reuters) – Hong Kong Financial Secretary Paul Chan announced on Tuesday fresh relief measures of HK$2 billion ($255 million) to support the economy as anti-government protests roil the Chinese-ruled city which is bracing for its first recession in a decade.

The move follows a HK$19.1 billion ($2.4 billion) package in August to support the underprivileged and business enterprises as the government grapples with five months of protests that have battered the retail and tourism sectors.

($1 = 7.8427 Hong Kong dollars)

(Reporting By Noah Sin, Clare Jim and Donny Kwok, Writing by Anne Marie Roantree; Editing by Nick Macfie)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.