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Lin Zhengyue: The economy has entered a severe situation and the fourth round of relief measures will be pushed in the short term.

2019-12-03T02:23:13.081Z

The Chief Executive, Mrs Carrie Lam, stated earlier that her intention to set up an independent review committee did not help calm social controversy. There was another fierce police-civilian conflict last Sunday. Lin Zhengyue met the media today (3rd) before attending the executive meeting. In response to recent events, "Hong Kong 01" will be broadcast live. Lin Zhengyue said that recent economic data showed that Hong Kong's economy has entered a severe situation, including the October retail sales drop of 24.3% year-on-year, the unemployment rate is expected to rise, and the government will launch a fourth round of relief measures in the short term. In addition to curbing violence, the Secretary must also help the industry to solve difficulties from the perspective of rescue. Details of the measures will be announced by the Financial Secretary, Chen Maobo.



Politics

Written by: Li Weixin and Chen Jialuo

2019-12-03 09:39

Last updated: 2019-12-03 10:20

The Chief Executive, Mrs Carrie Lam, stated earlier that her intention to set up an independent review committee did not help calm social controversy. There was another fierce police-civilian conflict last Sunday. Lin Zhengyue met the media today (3rd) before attending the executive meeting. In response to recent events, "Hong Kong 01" will be broadcast live.

Lin Zhengyue said that recent economic data showed that Hong Kong's economy has entered a severe situation, including the October retail sales drop of 24.3% year-on-year, the unemployment rate is expected to rise, and the government will launch a fourth round of relief measures in the short term. In addition to curbing violence, the Secretary must also help the industry to solve difficulties from the perspective of rescue. Details of the measures will be announced by the Financial Secretary, Chen Maobo.

Mrs Lam said the government would launch a fourth round of relief measures in the short term. (Photo by Zhang Haowei)

Regarding the passage of the "Hong Kong Bill of Rights and Democracy" by the United States, Lin Zhengyue said that the government strongly opposed and regretted the relevant bill, criticizing it was totally unnecessary and without justification, and asked "What aspects of the freedom of Hong Kong citizens are damaged". As for the central government's two measures against the US yesterday, Lin Zheng pointed out that the relevant matters are foreign affairs, and the SAR government will cooperate. Lin Zheng acknowledged the impact of the Bill of Rights on the confidence of the business community, but it is not currently expected to affect a certain sector.

Lin Zheng also pointed out that he hopes that the peace before and after the district board elections can continue. In order to keep Hong Kong's economy and people's livelihood unaffected, the society needs a violence-free environment. Unfortunately, the scene of violence over the past weekend has been described as slightly calm. The environment is cold and she hopes that violence will stop as soon as possible.

Regarding the comments made by the National People ’s Congress Law Commission and other central agencies on the judicial review of the “Mask Masking Law” earlier, Lin Zheng said that he understood the central government ’s concern about the case, but emphasized that Hong Kong ’s judicial independence.

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Executive Council Lin Zhengyue

Source: hk1

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