Asia Sentinel

Asia Sentinel

Hong Kong Hoards the Cash

Philip Bowring's avatar
Philip Bowring
Mar 06, 2009
∙ Paid
Share

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…

Keep reading with a 7-day free trial

Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Asia Sentinel
Publisher Privacy
Substack
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture