The China government has announced a HKD19.1bn ($ 2.4bn ) economic support package as political protests and the China - US trade war take their toll on the economy. The government is expected to lower its 2019 GDP growth forecasts from 2-3% to 0-1%. The government will also provide a 90% guarantee for approved loans to small and medium sized businesses, create more construction jobs, and hand HK$2.3 billion of subsidies to 900,000 school students. Early data suggests the economy grew 0.3% YoY in 2019 , while GDP contracted 0.3% QoQ.
The China government has announced a HKD19.1bn ($ 2.4bn ) economic support package as political protests and the China - US trade war take their toll on the economy. The government is expected to lower its 2019 GDP growth forecasts from 2-3% to 0-1%. Early data suggests the economy grew 0.3% YoY in 2019 , while GDP contracted 0.3% QoQ.