Hong Kong to Adopt Expansionary Fiscal Stance, Finance Secretary Says

The video discusses Hong Kong's economic strategies amidst a challenging environment, focusing on maintaining an expansionary fiscal stance and using fiscal reserves for countercyclical measures. A cash payout scheme is introduced to boost local consumption and ease financial burdens. Despite the large expenditure, it is deemed necessary due to the unique situation. The video also highlights Hong Kong's positive economic outlook, driven by regional developments like the Belt and Road initiative and the Greater Bay Area, offering significant growth opportunities.

What is the primary goal of Hong Kong's fiscal strategy in the current economic environment?

• To reduce government spending

• To implement countercyclical measures

• To increase taxes

• To cut down on public services

What is the purpose of the $10,000 cash payout to Hong Kong residents?

• To fund public projects

• To encourage savings

• To reduce government debt

• To boost local consumption

How does the Hong Kong government view the cash payout scheme in terms of its fiscal impact?

• As a regular fiscal measure

• As a permanent policy change

• As a long-term financial burden

• As an exceptional measure for a unique situation

What is one of the key opportunities for Hong Kong's future economic growth?

• Increasing import tariffs

• The Belt and Road initiative

• Limiting foreign investments

• Reducing international trade

Which area is highlighted as a significant opportunity for Hong Kong's development?

• The Greater Bay Area

• The Pacific Islands

• The European Union

• The Middle East