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Hong Kong Hoards the Cash
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Hong Kong Hoards the Cash

Philip Bowring's avatar
Philip Bowring
Mar 06, 2009
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Hong Kong Hoards the Cash
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The squirrel obsessions of Hong Kong's ruling bureaucracy are becoming ever more apparent as the economy weakens. Secure in their high-paying own jobs and inflation-proof pensions, they plead the potential poverty of public finances for crafting a budget for the coming fiscal year with a deficit of just HK$36 billion or 2.3percent of Gross Domestic Prod…

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