January 14, 2020 / 7:54 AM / 7 days ago

Hong Kong leader pledges $1.3 bln in new relief measures to prop up weakened economy

HONG KONG, Jan 14 (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 grapple with 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. ($1 = 7.7736 Hong Kong dollars) (Reporting By Clare Jim, Donny Kwok and Sharon Tam, Writing by Anne Marie Roantree; Editing by Shri Navaratnam)

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