Hong Kong government pledges to spend more to diversify economy, save jobs
2019-02-28 10:49:14 source：Straits Times
February 27, 2019
HONG KONG -- Even as Hong Kong's economy is likely to slow further this year due to uncertainties from the trade row between the United States and China and a weaker property market, the government has pledged to plough more money into diversifying the economy, saving jobs and improving lives.
In his budget speech on Wednesday (Feb 27), Financial Secretary Paul Chan said Hong Kong's economy grew 1.3 per cent in the fourth quarter of last year, the lowest in two years.
This brings the full year growth to 3 per cent, lower than the government's forecast of 3.2 per cent.
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