Tag: political volatility

Hong Kong official warns of political volatility hurting economy amid protests

HONG KONG, China (Reuters) — Political tensions in Hong Kong are hurting the economy, said the city’s financial secretary in his annual budget speech on Wednesday (February 24), as he rolled out a multi-billion dollar package of sweeteners to bolster growth hit by a slowdown in China. In unusually blunt comments for a budget address, John Tsang said “political volatility” was threatening to undermine the economy and warned disputes would intensify ahead of legislative elections […]