Hong Kong’s leader plans ‘bold’ measures to bolster economy hurt by protests
Hong Kong’s chief executive said the government is considering “bold” measures to shore up the faltering economy, in a news conference that gave no new policy details or concessions to protesters.
The measures would cover a variety of livelihood issues including housing, Carrie Lam said Friday after meeting business leaders, without elaborating.
She is due to deliver her annual policy address in October.
Meanwhile, Hong Kong’s airport bolstered security Friday as protesters began a three-day sit-in at the arrivals hall of its main terminal, kicking off a 10th straight weekend of anti-China demonstrations.
Weeks of protests over the government’s extradition bill have hit confidence, retail spending and business activity hard at a time when the economy was already slowing. Gross domestic product contracted in the second quarter. Lam said the economic downdraft caused by the protests is worse than that during the SARS epidemic and the 2008 global financial crisis.
She admitted that while many people are unsatisfied with the government, it doesn’t mean they should tolerate violence.”
“Dissatisfaction toward the government is not justification to tolerate violence. We must stop the violent protests. Hong Kong cannot have large-scale, spontaneous protests that obstruct traffic and daily operations.”