Hong Kong leader pledges $ 1.3 b to prop up weakened economy

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.