HONG KONG : Hong Kong's government is preparing to spend"boldly" to shore up the finance hub's tumbling economy, Financial Secretary Paul Chan said in an exclusive interview.
"Given the large amount of fiscal surplus we've accumulated over the years I do think we have the capability and financial resources to help us come through this economic recession," he said. "We have no intention to review it," Chan said. There are"no circumstances" in which it would be reviewed, he said.
The IMF has said the city's economy likely shrank 1.2 per cent last year and forecasts 1 per cent growth in 2020. Chan expects the economy to have contracted 1.3 per cent in 2019. Chan provided no signals about government plans to break the political impasse, other than saying he is confident a resolution will be found.
Hmm... Usain Bolt? I wonder who can run faster? Hahahaha.... can I break the record, fastest man alive? Lolz... just for fun.
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