Economics

Hong Kong’s Finance Chief Cools Talk of Cash Handouts in Budget

  • Fourth quarter didn’t look good for the economy, Chan says
  • Unemployment to edge up, while he says capital flows stable
Chan says the government is planning another volley of fiscal stimulus to rescue its tumbling economy.(Source: Bloomberg)
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Hong Kong’s government is planning another volley of fiscal stimulus to rescue its tumbling economy, though that package may not include the cash handouts that some have urged.