Hong Kong Unveils $17.7 Billion Package to Save Jobs as City Battles CCP Virus

Hong Kong Unveils $17.7 Billion Package to Save Jobs as City Battles CCP Virus
A woman wearing a face mask, amid concerns of the COVID-19 coronavirus, walks through a clothes market in Hong Kong, China, on April 5, 2020. Dale De La Rey/AFP via Getty Images
Reuters
Updated:

HONG KONG—Hong Kong announced relief measures worth HK$137.5 billion ($17.7 billion) on April 8 to help businesses and people crippled by the CCP virus outbreak to stay afloat, as the city joins global efforts to cushion the impact of the pandemic.

Hong Kong leader Carrie Lam also pledged to take a pay cut of 10 percent for a year and said the government would pay 50 percent of workers’ salaries for six months, with the monthly subsidy for each worker capped at HK$9,000.