BRI NEWS HKSAR rolls out relief measures to counter economic recession


HKSAR rolls out relief measures to counter economic recession


21:02, February 11, 2020


(File photo: CGTN)

Chan Mo-po, financial secretary of China's Hong Kong Special Administrative Region (HKSAR), said Wednesday that a total of nine relief measures will be rolled out soon to help businesses and residents weather out economic hardships.

The relief measures include a reduction of 75 percent in water and sewage charges for commercial users for up to four months, exemption for taxpayers from paying surcharge if they apply for installments, and improvements in employee retraining programs.

The relief measures in the budget amount to around 4 billion Hong Kong dollars, Chan said at a press conference.

Chan lamented how the recent unrest had impacted Hong Kong's economy and the next year's economic outlook was plagued with uncertainties.

"We need concerted efforts from all sectors of the community to stop violence and let our economy recover as soon as possible," Chan stressed.

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