HONG KONG - Hong Kong's leader Carrie Lam said on Tuesday that her administration would introduce a fourth round of relief measures in the near term to boost the city's battered economy after six months of unrest.
On Monday, Financial Secretary Paul Chan told lawmakers he expected the first budget deficit since the early 2000s for the fiscal year, and said that the ongoing turmoil has hurt economic growth by some 2 percentage points this year. “It creates an unstable and uncertain environment,” she said, adding that Hong Kong would follow Beijing’s lead on instituting countermeasures to retaliate against the action.
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