PRESS DIGEST-Hong Kong - Nov 24
Nov 24 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Monday. Reuters has not verified these stories and does not vouch for their accuracy.
SOUTH CHINA MORNING POST
- The mainland's surprise move to reduce interest rates for the first time in more than two years has fired up expectations of further cuts aimed at shoring up an economy that is on track to record its weakest annual growth since 1990. (http://bit.ly/1FhmrCt)
- The three co-founders of Occupy Central plan to turn themselves into police next week but vowed to continue supporting protesters under a "two-stage" surrender plan. (http://bit.ly/1zQ2vWa)
- Bad debts in China are well underestimated because authorities persist in propping up weak companies and bailing out local investors, according to DAC Management. (http://bit.ly/1pdc0hh)
THE STANDARD
- The Occupy Central movement has set political development back by 10 years, an academic noted. Hong Kong University of Science and Technology economist Francis Lui Ting- ming said he believes some pan-democrats do not want to see the implementation of universal suffrage because it may affect their own interests. (http://bit.ly/1uQMwY7)
- An employer who had three labour charges withdrawn against her has accused her former domestic helper of falsely claiming that she was assaulted and forced to work 21 hours a day for nine months. (http://bit.ly/1tpghKf)
- Hong Kong will experience infrastructure spending cuts of more than HK$20 billion annually starting in two years if the non-cooperation movement and filibusters continue at the Legislative Council, the development chief warned. (http://bit.ly/1y3hvQv)
For Chinese newspapers, see............... ($1 = 7.7557 Hong Kong dollar) (Compiled by Farah Master; Editing by Subhranshu Sahu)
