Sixteen inflatable, Huoyan (Fire Eye) labs have been set up at the Sun Yat Sen Memorial Park Sports Centre for large-scale virus testing in Hong Kong. The Financial Secretary Chen Mo-po says he hopes the mass coronavirus testing in the city will help interrupt the chain of infections so that Hong Kong could begin to restore its economy. Once again, in a blog, he reminded Hong Kong of the need to maintain fiscal prudence, saying that the depth of the economic recession has exceeded expectations. He also reiterated that financial support can only have a limited, short-term effect, and it is only by reviving the economy as soon as possible that workers as well as large, medium and small enterprises and workers can recover. He said the government needs to try to avoid the rapid shrinkage of fiscal reserves.

Source: The Standard August 16, 2020 05:37 UTC