Economics
Hong Kong’s Tsang Unveils Subsidies to Lower-Income Residents
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Hong Kong Chief Executive Donald Tsang unveiled new policy initiatives to help residents who haven’t benefitted from the territory’s economic recovery.
Responding to the widening wealth gap in Hong Kong, the government will provide transport subsidies for commuters, expanded medical services for the elderly, and will make housing ownership more affordable, Tsang said in his annual policy address broadcast live on local television.