October 22, 2019 / 8:24 AM / 22 days ago

Hong Kong announces fresh relief measures of $255 million to boost economy

The harbour skyline is seen during sunset in Hong Kong, China October 18, 2019. REUTERS/Ammar Awad

HONG KONG (Reuters) - Hong Kong Financial Secretary Paul Chan announced on Tuesday fresh relief measures of HK$2 billion ($255 million) to support the economy as anti-government protests roil the Chinese-ruled city which is bracing for its first recession in a decade.

The move follows a HK$19.1 billion ($2.4 billion) package in August to support the underprivileged and business enterprises as the government grapples with five months of protests that have battered the retail and tourism sectors.

($1 = 7.8427 Hong Kong dollars)

Reporting By Noah Sin, Clare Jim and Donny Kwok, Writing by Anne Marie Roantree; Editing by Nick Macfie

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