Hong Kong announces $21 billion budget to support economy as city battles new Covid wave


Source: freeamericanetwork.com freeamericanetwork.com

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A road in Hong Kong on Feb. 15, 2022. Paul Yeung | Bloomberg | Getty Images The Hong Kong government announced Wednesday it will be spending more than 170 billion Hong Kong dollars ($21.8 billion) to fight the pandemic and support the economy, a day after authorities said virus control measures will be extended to April 20. The semi-autonomous Chinese city is experiencing its fifth wave of coronavirus infections, with daily cases soaring to record highs. On Wednesday, Hong Kong reported 8,674 new cases. Last week, Chief Executive Carrie Lam ruled out a full lockdown, but stuck with China’s zero-Covid...