Hong Kong urged to boost stimulus using fiscal war chest

HONG KONG - Hong Kong's government is drawing fresh criticism from economists and business advocates who say a third round of virus relief stimulus doesn't go far enough.

"Stimulus has been smaller than expected so far," said Alicia Garcia Herrero, chief economist for Asia Pacific with Natixis SA."More - and more clever stimulus - is needed." "The size of the latest package is relatively small, and only less than half of it goes to supporting employment and businesses," said Tommy Wu, senior economist with Oxford Economics in Hong Kong.

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