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Asia Sentinel
Asia Sentinel
Hong Kong's Budgetary Failure of Nerve

Hong Kong's Budgetary Failure of Nerve

Our Correspondent
Mar 01, 2013
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Asia Sentinel
Asia Sentinel
Hong Kong's Budgetary Failure of Nerve
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Hong Kong has a new chief executive, Leung Chun-ying, who promised many changes when he took office last July. But the first annual budget since he came to office shows that nothing has changed.

The government is stuck in a rut, dependent more than ever on land revenue and taxes of property and share transactions leading to large surpluses which it ende…

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