Hong Kong leader says bill withdrawal a first step as city braces for weekend protests

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Hong Kong leader says bill withdrawal a first step as city braces for weekend protests
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Hong Kong leader Carrie Lam on Friday said measures announced this week to help ...

HONG KONG - Hong Kong leader Carrie Lam on Friday said measures announced this week to help restore order in the Chinese-ruled city are a first step, and disagreed with a credit downgrade by rating agency Fitch after months of sometimes violent protests.

Lam on Wednesday withdrew a controversial extradition bill that would have allowed people to be sent to mainland China for trial in courts controlled by its ruling Communist Party and announced three other measures to help ease the crisis. “I stressed that the rights and freedoms for citizens have to be granted,” Merkel said during a visit to China.

Many protesters have pledged to fight on despite the withdrawal of the extradition bill, saying the concession is too little, too late. Authorities also say the turmoil has weighed on Hong Kong’s economy, which faces its first recession in a decade. There is evidence some funds are being moved to rival financial centers, such as Singapore.

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