The Hong Kong government's 260 billion yen economic support measure “restraining rebound” was also received on August 16 at 17:27
As the protests protracted for a long time, the Hong Kong government has decided to provide economic support measures totaling ¥ 260 billion on the assumption that the economy will be hit hard. In Hong Kong, a large-scale protest is planned for this weekend, and the public is increasingly perceived as a measure to curb the backlash against the government.
Hong Kong government finance minister Chen Mao had a press conference at 15 journalists, and the protests of citizens protracted over the trade dispute between the United States and China, and a draft amendment that would allow suspects to be handed over to mainland China. As a result, the forecast for the economic growth rate has been revised downward from the original “2% to 3%” to “0% to 1%”.
On top of that, we announced urgent economic support measures to support small and medium-sized enterprises and citizens' lives, assuming that the restaurant and tourism industries were hit hard.
Support measures include electricity bills, subsidies for households with children, exemptions from income taxes, etc., totaling HK $ 19.1 billion and approximately JPY260 billion in Japanese yen.
Regarding this, Chen said, “The economic situation is expected to become more severe due to the recent unstable situation.”
On the other hand, the local media has reported that it is “delivering candy”, and while a large-scale demonstration march is called for this weekend, it is a measure to suppress the reaction to the government among the citizens. The catch is spreading.