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The lender said that while measures such as lockdowns and travel bans are meant to "flatten the pandemic curve", policymakers also need to mitigate the adverse economic impact through monetary and fiscal measures. Cash transfers, healthcare subsidies, employment support and financial assistance for small and medium-sized enterprises can "flatten the recession curve" it said.

The leader of the special administrative region made the remarks before a weekly meeting of the Executive Council, her top policy advisory body.

The legislation only targets very few acts that seriously endanger national security and will protect the legitimate rights and interests enjoyed by Hong Kong people. It will not restrict their human rights and freedoms or harm the region's high autonomy or "one country, two systems" principle.

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The local government workers have been working hard to persuade residents living between the two defense lines to evacuate, while "some people are reluctant to leave, because they don't feel threatened by the water nor want to leave their properties", said Yu Jing, a local community worker.

The local government's general public budget income dropped by 11.2 percent in the first half of this year, according to data from the local finance bureau.

The leaders discussed topics aside from nuclear issues, including security in Northeast Asia, economic cooperation and bilateral ties.

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The list will be whittled down to the top 10 words that will be declared the winners on Dec 2.

The law, a landmark legislation that will provide stronger protection and a better business environment for overseas investors, will become effective on Jan 1, 2020.

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The local government has made great efforts in restoring the local ecosystem, growing aquatic plants and purifying the water. A road network and a project to conserve water were implemented, and internet infrastructure was installed.

The leaders have also urged developed countries to fulfil their commitment to offer financial resources to assist developing countries in coping with climate disasters.