HONG KONG - Hong Kong’s government announced an economic support package worth HK$19.1 billion on Thursday as escalating political protests and the prolonged Sino-U.S. trade war weigh heavily on the Asian financial center.
Chan said the measures include subsidies for the underprivileged and business enterprises, as well as somewhat higher salary tax rebates, but said the measures were not related to political pressure from the protests. Ten weeks of increasingly violent confrontations between police and anti-government demonstrators have plunged the international business hub into its worst crisis since it reverted from British to Chinese rule in 1997.
But Chan’s package will unlikely offset the downward pressure on Hong Kong, a small, open economy, said Cliff Tan, East Asian head of global markets research at MUFG.
--- The Answer Is Obvious --- Let Everyone Suffering Political Strife In Hong Kong Immigrate To The U.S. -- Have You No Humanity ?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese paramilitary members are gathered near Hong Kong borderAs protests continue to sweep through Hong Kong, large numbers of China's paramilitary force are just miles away from Hong Kong's border with mainland China, according to a CNN team on the ground in Shenzhen What might happen in the US were a protest shutting down a large airport for a day? Probably a similar response. Isn't Hong Kong part of China of I'm wrong please someone correct me
Source: CNN - 🏆 4. / 95 Read more »
In Hong Kong, a protest boom for some businesses starts waningThe problems facing Hong Kong's wide-open economy - which is expected to grind to a halt in coming quarters - run so deep that even those businesses whose products have been repurposed as protest paraphernalia are losing momentum. More here: Well, fancy that. Wow ground breaking news. When you deal with communists like the Chinese Communist Party, you will get a lot of deal broken. They don't play by the rules.
Source: Reuters - 🏆 2. / 97 Read more »
China says Hong Kong protests 'near terrorism' as airport reopensChina said Hong Kong's protest movement had reached 'near terrorism&qu... Hong Kong is and will always be part of China. NOT IT WON'T. THEY MAKE SPEAK THE SAME LANGUAGE, BUT THEY AUTONOMOUS FROM CHINA AND VERY DIFF. CULTURALLY. NOT ONLY MAINLAND CHINESE LIVE THERE, BUT ETHNIC ASIANS AS WELL I see...
Source: Reuters - 🏆 2. / 97 Read more »
Hong Kong Airport Occupation Descends Into ViolenceProtesters’ takeover of Hong Kong’s international airport turned into a fight with police late Tuesday, capping a second day of snarled travel plans with a bout of violence. LET'S SAVE HONG KONG. LET'S DELETE COMMUNISM. CHINA MUST GET OUT OF HONG KONG NOW. The HongKongProtestors are fighting for their lives. The Chinese Communist Party is a ghoulish Thugocracy that brutally suppresses freedom and opposition to their gnarled grip on power. Can't ask any victim of live organ harvesting in China, but we can stand up for them. Go get it HongKong take that capital down. We with you.
Source: WSJ - 🏆 98. / 63 Read more »
Flights out of Hong Kong canceled again amid protestsProtesters severely crippled operations at Hong Kong's international airport for a second day Tuesday, forcing authorities to cancel all remaining flights out of the city after demonstrators took over the terminals as part of their push for democratic reforms. After a brief respite early Tuesday
Source: YahooNews - 🏆 380. / 59 Read more »
Pro-democracy protests cripple Hong Kong airportThe city's leader warned against heading down a 'path of no return' as pro-democracy demonstrations caused Hong Kong airport to cancel all remaining flights out of the city for a second day.
Source: trtworld - 🏆 101. / 63 Read more »