About: http://data.cimple.eu/news-article/fb14e633cdb7e8e562dd6122f80511aeb5871a79375159f1cba4c11b

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About: http://data.cimple.eu/news-article/fb14e633cdb7e8e562dd6122f80511aeb5871a79375159f1cba4c11b Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Hong Kong announced a slew of cash subsidies on Friday to help businesses that have been battered by the coronavirus outbreak in a city already reeling from a recession. The US-China trade war and months of seething pro-democracy protests last year had already pushed the business hub's economy into negative territory. The virus has compounded those woes, leading to an even more stark drop in tourist arrivals and empty streets, pushing many smaller businesses towards bankruptcy. On Friday night the city's pro-Beijing leader Carrie Lam said the government would dip into its financial reserves -- some of the world's healthiest -- to give cash subsidies to sectors hit hardest by the crisis. "We hope to do our best to avoid large scale closures and lay-offs," she told reporters. Lam, who has record low approval ratings, announced one-off subsidies for people such as construction workers, security guards and janitors to help them buy protective equipment. The government will also issue HK$80,000 ($10,300) to licensed travel agencies, smaller restaurants and retailers as well as HK$5,000 to street hawkers, HK$200,000 to licensed restaurants and factory canteens and a further HK$5,000 to around 200,000 low income families. From Saturday Hong Kong began enforcing a mandatory two-week quarantine for anyone arriving from mainland China to stop the deadly coronavirus from spreading. Multiple airlines and governments have also blocked flights to and from Hong Kong, causing the arrivals to crash. Earlier this week, neighbouring Macau announced plans to give all its residents store cards charged with 3,000 patacas ($374). yz/jta/aph
schema:headline	Hong Kong unveils cash handouts as virus deepens economic woes
schema:mentions	Mainland China Carrie Lam Bankruptcy Recession Ebola virus disease Quarantine Hong Kong City Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 Macanese pataca Hawkers in Hong Kong Empty Streets China–United States trade war Pro-Beijing camp (Hong Kong) Financial crisis of 2007–2008 Macau Jewish Telegraphic Agency
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-02-14 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	81 (xsd:integer)

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