HONG KONG : Hong Kong will give more handouts to consumers to support the city's recovery from a prolonged economic downturn induced by COVID-19 restrictions, Financial Secretary Paul Chan announced in the 2023/24 budget on Wednesday.The global financial hub will issue vouchers worth HK$5,000 ($637) per p
HONG KONG : Hong Kong will give more handouts to consumers to support the city's recovery from a prolonged economic downturn induced by COVID-19 restrictions, Financial Secretary Paul Chan announced in the 2023/24 budget on Wednesday.
Chan told legislators the city was at the beginning of an economic recovery, no longer shackled by stringent COVID measures that have isolated it from the rest of the world. "However, the economic recovery is still in its initial stage, and there is a need for our people and businesses to regain vigour."
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