Hong Kong’s leaders are keen to resuscitate the city’s fortunes after posting recessions three of the past four years. (Photo: AFP)
HONG KONG: Hong Kong’s finance chief unveiled a HK$761 billion (US$97 billion) budget on Wednesday, plunging into the coffers to pay for the recession-hit city’s post-Covid recovery.
Hoping to kickstart the finance centre’s economy, Finance Secretary Paul Chan announced tax cuts and more consumer spending vouchers.
Hong Kong’s leaders are keen to resuscitate its fortunes after posting recessions in three of the past four years — a tumultuous period that saw the economy battered by protests, virus controls and Beijing’s authoritarian crackdown.
While rival financial hubs reopened to the world long…
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