(L-R) Permanent Secretary for Financial Services and the Treasury (Treasury), Alice Lau Yim; Financial Secretary Paul Chan Mo-po; Secretary for Financial Services and the Treasury, James Henry Lau; and Andrew Au, Government Economist, poses for photos during the press conference after the delivery of the 2020-21 budget, Central Government Offices, Tamar. 26FEB20 SCMP / Winson Wong

Coronavirus, protests, trade war: can Paul Chan’s budget be the antidote to the triple blow to Hong Kong’s economy?

  • Eye-catching package could provide immediate relief, but analysts worry about long-term sustainability of running large deficits
  • Only half those who received the cash handouts of 2011 used them for domestic consumption, one expert points out
Topic |   Hong Kong budget 2020-2021
(L-R) Permanent Secretary for Financial Services and the Treasury (Treasury), Alice Lau Yim; Financial Secretary Paul Chan Mo-po; Secretary for Financial Services and the Treasury, James Henry Lau; and Andrew Au, Government Economist, poses for photos during the press conference after the delivery of the 2020-21 budget, Central Government Offices, Tamar. 26FEB20 SCMP / Winson Wong
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