The Hong Kong government understands how serious inflation isand how cruel of a penalty it levies on the poor.
The Hong Kong government released a 10-point,HK$11 billion plan to help its people deal with inflation including:
1. Repeal of xemption of the ‘maid levy’ for two years
2. Reduced electricity bills for six months
3. Two months of free rent for public housing residents
4. Two months of ‘old age allowance’ payment for elderly
- China inflation drops The Chinese rate of inflation dropped to 4.9% in August, the fourth consecutive month ofslowing inflation. China’s inflation ratehas steadily...
- China inflation slows The Chinese rate of inflation dropped to 4.9% in August, the fourth consecutive month ofslowing inflation. China’s inflation ratehas steadily...
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