Hong Kong budget 2021-22: finance chief Paul Chan reserved on cash handouts, cites Covid-19 pandemic challenges

Hong Kong financial chief Paul Chan Mo-po has expressed reservations about a fresh round of cash handouts for struggling residents amid the Covid-19 pandemic, citing challenges ahead in the first half of the year.Chan told a Saturday radio programme on the coming budget address that the economy had shrunk 3.2 per cent in the first three quarters of 2020, on course for an overall contraction for the whole of last year.It would be the first time Hong Kong had ever recorded two consecutive annual…

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