Finance Secretary: Hong Kong mustn’t lose faith in its youth

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HONG KONG: Hong Kong must not give up on its youth and should invest in future generations, Finance Secretary Paul Chan said at a forum Saturday (Jan 18) , Radio Television Hong Kong reported. The city faces declining income and a growing deficit as it tries to deal with ongoing social issues, Chan said.

Paul Chan said that Hong Kong has endured seven months of violent protests, driven mainly by the youth, that have taken their toll on the retail sector and tourism, and dragged the economy into its first recession in a decade. - Bloomberg

Hong Kong has endured seven months of violent protests, driven mainly by the youth, that have taken their toll on the retail sector and tourism, and dragged the economy into its first recession in a decade. Chief Executive Carrie Lam has announced a welfare package of HK$10bil, focusing on the city’s more vulnerable people, but Chan suggested on Saturday that the government might have to cut back on other relief measures such as tax rebates because of the general increase in spending.

 

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Tonight you go home to your nice posh condo.. while these youth go back to showbox apartment everyday of their lives. . Whose finance you been looking after ? HongKong

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