{"id":22367,"date":"2020-02-25T20:22:39","date_gmt":"2020-02-26T04:22:39","guid":{"rendered":"https:\/\/lapost.us\/?p=22367"},"modified":"2020-02-26T07:23:56","modified_gmt":"2020-02-26T15:23:56","slug":"to-stimulate-the-local-economy-hong-kong-plans-hand-out-hk10000-to-each-adult","status":"publish","type":"post","link":"https:\/\/lapost.us\/?p=22367","title":{"rendered":"To stimulate the local economy Hong Kong plans hand out HK$10,000 to each adult"},"content":{"rendered":"<p>Hong Kong Financial Secretary Paul Chan announced a HK<span class=\"\" data-value=\"120000000000\" data-original=\"$120 billion\" data-symbol=\"$\">$120 billion<\/span>\u00a0(<span class=\"\" data-value=\"15400000000\" data-original=\"$15.4 billion\" data-symbol=\"$\">$15.4 billion<\/span>) relief package with tax cuts and a cash handout, in an effort to shore up economic confidence in a city battered by political unrest and the coronavirus.<\/p>\n<div class=\"softwall\" data-position=\"1\"><\/div>\n<p>The main feature of Chan\u2019s annual budget announced Wednesday is a payment of HK<span class=\"\" data-value=\"10000\" data-original=\"$10,000\" data-symbol=\"$\">$10,000<\/span>\u00a0to each permanent resident of the city<span id=\"2984bfbe-584e-11ea-948e-308d99724420\">\u00a0aged<\/span>\u00a018 or older. He unveiled an official forecast for economic growth this year of between -1.5% and 0.5%, and confirmed a contraction of 1.2% in 2019.<\/p>\n<p>&nbsp;<\/p>\n<p>Hong Kong Financial Secretary Paul Chan announced a HK<span class=\"\" data-value=\"120000000000\" data-original=\"$120 billion\" data-symbol=\"$\">$120 billion<\/span>\u00a0(<span class=\"\" data-value=\"15400000000\" data-original=\"$15.4 billion\" data-symbol=\"$\">$15.4 billion<\/span>) relief package with tax cuts and a cash handout, in an effort to shore up economic confidence in a city battered by political unrest and the coronavirus.<\/p>\n<div class=\"hardwall\" data-position=\"1\"><\/div>\n<div class=\"softwall\" data-position=\"1\"><\/div>\n<p>The main feature of Chan\u2019s annual budget announced Wednesday is a payment of HK<span class=\"\" data-value=\"10000\" data-original=\"$10,000\" data-symbol=\"$\">$10,000<\/span>\u00a0to each permanent resident of the city<span id=\"2984bfbe-584e-11ea-948e-308d99724420\">\u00a0aged<\/span>\u00a018 or older. He unveiled an official forecast for economic growth this year of between -1.5% and 0.5%, and confirmed a contraction of 1.2% in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong Financial Secretary Paul Chan&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,8,5],"tags":[],"class_list":["post-22367","post","type-post","status-publish","format-standard","hentry","category-business","category-china","category-world"],"_links":{"self":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/22367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22367"}],"version-history":[{"count":3,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/22367\/revisions"}],"predecessor-version":[{"id":22370,"href":"https:\/\/lapost.us\/index.php?rest_route=\/wp\/v2\/posts\/22367\/revisions\/22370"}],"wp:attachment":[{"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lapost.us\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}