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Protest-hit Hong Kong unveils $2.4 bn economic support package
short by Krishna Veera Vanamali / on Thursday, 15 August, 2019
The Hong Kong government on Thursday announced a stimulus package worth $2.4 billion amid the ongoing anti-government protests. The measures include subsidies for the underprivileged, business enterprises, school students as well as higher salary tax rebates. Financial Secretary Paul Chan said GDP will expand by 0% to 1% this year, revising down the previous forecast of 2% to 3%.
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