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Hong Kong Govt Unveils HK$170 Bln Counter-Cyclical Measures To Support Growth

Hong Kong Financial Secretary Paul Chan on Wednesday unveiled an expansionary budget to relive people’s hardship and support businesses so as to stabilize the economy. In his 2022-23 budget speech, Chan said counter-cyclical measures costing a total of over HK$170 billion, together with spending in infrastructure projects and other items, will boost the economy by around three percentage points.
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