Hong Kong set to record first budget deficit in 15 years
Tuesday, 3 December 2019 () Hong Kong (AFP) Dec 2, 2019
Hong Kong is set to record its first budget deficit in 15 years, the city's finance chief warned Monday, as the business hub reels from the twin shocks of the trade war and seething democracy protests. In the latest grim assessment for the city, financial secretary Paul Chan told lawmakers that the economy was set to contract 1.3 percent in 2019, hitting the city's usually bulging coffers.
Hundreds of office workers in Hong Kong's business district gathered on Monday for the first in a week of lunchtime protests backing the pro-democracy movement after its resounding victory in district polls held last week.
Pro-democracy candidates in Hong Kong have scored a huge victory in district council elections, winning nearly 90% of the seats. They won around 390 of 452 seats, according to local broadcaster RTHK,..
Credit: Sky News UK Studios Duration: 02:05Published