Economics
Hong Kong Injects Fading Economy With Fresh Virus Stimulus
- City to reopen bars, extend dine-in services from Friday
- HK$24 billion will be latest round of virus-related relief
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Hong Kong announced HK$24 billion ($3.1 billion) in virus relief stimulus and will lift some social distancing restrictions, including temporarily re-opening bars, as the city’s economy suffers from a recession prompted by protests and Covid-19.
The government will spend HK$4.5 billion to help affected industries, HK$13 billion on virus prevention measures and HK$6 billion on rent concessions, Chief Executive Carrie Lam and senior officials announced at a press conference on Tuesday.