Hong Kong leader Carrie Lam warns U.S. legislation supporting protesters may damage business confidence, promises economic relief via noah_sin clarejim
HONG KONG - Hong Kong leader Carrie Lam said on Tuesday U.S. legislation supporting protesters may damage business confidence in the financial hub, as she announced a fourth round of relief measures to boost the city’s battered economy.
“The impact currently is on confidence ... because corporates will be worried about the actions the U.S. government may take in the future after they review this legislation,” Lam said. In more bad news for the economy, China on Monday banned U.S. military ships and aircraft from visiting Hong Kong - a rest and recreation stop for the U.S. Seventh Fleet - in retaliation for the U.S. legislation.Hong Kong has been rocked by six months of sometimes violent unrest in the biggest challenge to Chinese stability since the bloody crackdown on pro-democracy protesters in and around Beijing’s Tiananmen Square in 1989.
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