The city shoreline is seen from inside a local ferry in Hong Kong. The inertia, lack of coordination and policy commitment within the administration over the past decade has taken Hong Kong nowhere. Photo: Reuters

Hong Kong’s fiscal policy is not miserly, but it does lack vision

Paul Yip says figures show public expenditure has increased substantially over the past two decades, in line with GDP growth. The problem is that the money has been spent to little effect

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The city shoreline is seen from inside a local ferry in Hong Kong. The inertia, lack of coordination and policy commitment within the administration over the past decade has taken Hong Kong nowhere. Photo: Reuters
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