China warns foreign forces to ‘stop conniving and interfering’ in Hong Kong affairs

China accused unidentified foreign forces on Thursday (Aug 15) of fomenting violent protests in Hong Kong, warning them that their “conniving” efforts had been noticed and that they would end up damaging themselves.

“Foreign forces must stop interfering in Hong Kong affairs,” Chinese Ambassador to Britain Liu Xiaoming told reporters in London. “Stop conniving in violent offences – they should not misjudge the situation and go down the wrong path otherwise they will lift the stone only to drop it on their own feet.” BE CAUTIOUS

Hong Kong unveils US$2.4 billion economic support package as protests weigh

Hong Kong’s government announced an economic support package worth HK$19.1 billion (US$2.44 billion) on Thursday (Aug 15) as escalating political protests and the prolonged Sino-US trade war weigh heavily on the Asian financial centre.

Financial Secretary Paul Chan unveiled the plan at a news conference, after saying the government is expecting to lower its 2019 GDP growth forecast to 0 -1 per cent, from the original 2-3 per cent.

Chan said the measures include subsidies for the underprivileged and business enterprises.

Hong Kong leader Carrie Lam last week warned the next downturn will hit the city’s economy like a “tsunami”, and said her administration will be “more daring” in supporting growth. Economic Disaster is in the making for Hong Kong

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