• Hong Kong to spend $15.4B to stabilize virus-ravaged economy

    12 days ago - By Chron

    HONG KONG - Hong Kong will introduce 120 billion Hong Kong dollars in fiscal measures to help businesses and residents impacted by the coronavirus pandemic, as it looks towards economic growth later this year following a recession in 2020.
    The measures - which include tax relief, loans for the unemployed and consumption vouchers - are aimed at stabilizing the economy, Hong Kong Finance Minister Paul Chan said in a budget speech Wednesday. He forecast the economy is set to grow 3.5% to 5.5% this year, compared to the economic contraction of 6.1% in 2020.
    The budget for 2021 “aims to...
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