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Pastimes : Ask Mohan about the Market

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To: John Hunt who wrote (15920)6/22/1998 6:36:00 PM
From: John Hunt  Read Replies (2) of 18056
 
Tung moves to stabilise economy (Hong Kong)

scmp.com

<< Chief Executive Tung Chee-hwa on Monday announced a four-part stimulus package to counteract Hong Kong's looming recession.

The plan included freezing sales in the ailing property market and steps to stimulate business. >>

<< Mr Tsang said the package of measures would result in a $21.4 billion deficit for 1998-99, in sharp contrast to the Budget forecast of a $10.7 billion surplus. >>

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