Posted inHong Kong

Hong Kong Budget: Calls for cash instead of consumption vouchers, critics say few measures for underprivileged

Hong Kong’s Financial Secretary Paul Chan gave the final budget address of his term on Wednesday. Although the city’s economy experienced a significant rebound in last year, the fifth Covid-19 wave has undercut that recovery and brought “immense pressure” to consumer markets, Chan said. On top of tax cuts and subsidies to companies and individuals, […]