Chinese magazines feature Chinese President Xi Jinping and US President Donald Trump on trade war at a roadside bookstand in Hong Kong on July 4, 2019.
Hurt by the plunge in US-Chinese trade, growth already was declining before anti-government protests erupted this year over a proposed extradition law and other grievances. The measures announced Thursday will "provide impetus for our economy" and "help cushion the enterprises and people of Hong Kong against challenges," the statement said.
Business from mainland visitors, who account for 80 percent of Hong Kong's tourists, fell to between 33 and 50 percent, according to the Hong Kong Tourism Association. Hotel operators say revenue could decline 10 to 20 percent.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: