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HONG KONG: Hong Kong will avoid the kind of property market crash that followed previous economic slumps in the finance hub, according to Financial Secretary Paul Chan. "We do not see the risk of an off-the-grid type of downfall,” Chan said in an interview on Monday (March 2) with Bloomberg Television’s Yvonne Man.
HONG KONG (Bloomberg): Hong Kong's government is preparing to spend "boldly" to shore up the finance hub's tumbling economy, Financial Secretary Paul Chan said in an exclusive interview.
HONG KONG: Hong Kong must not give up on its youth and should invest in future generations, Finance Secretary Paul Chan said at a forum Saturday (Jan 18) , Radio Television Hong Kong reported. The city faces declining income and a growing deficit as it tries to deal with ongoing social issues, Chan said.
HONG KONG: Hong Kong is facing "tsunami-like” shocks, and may incur a record budget deficit in the next fiscal year as the city counts the costs of the Covid-19 (coronavirus) outbreak after months of social unrest, Financial Secretary Paul Chan said on Sunday (Feb 16).