Hong Kong Stimulus Will Boost Up Economy: Legco's Tien

Hong Kong Stimulus Will Boost Up Economy: Legco's Tien

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses Hong Kong's HKD 120 billion relief package, which is a universal cash handout opposed by Chief Executive Carrie Lam. The package aims to boost the economy affected by protests and the virus. Despite fears, a quick rebound is expected, though tourism may take longer to recover. Concerns about a structural deficit and the need for tax reform are highlighted. Small businesses struggle with high rents, and a proposal for rent reduction incentives is discussed. An update on South Korea's economic situation is provided, and future rent trends in Hong Kong are analyzed.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the amount of the universal cash handout announced by the Hong Kong government?

6,000 HKD

12,000 HKD

10,000 HKD

4,000 HKD

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two main factors contributing to the economic challenges in Hong Kong?

Natural disasters and inflation

Virus outbreak and protests

Trade wars and currency devaluation

Political instability and unemployment

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the predicted financial situation for the Hong Kong government over the next four years?

Economic boom

Deficit

Balanced budget

Surplus

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary challenge faced by small businesses in Hong Kong?

Strict regulations

Lack of customers

High taxes

High rent costs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What solution is proposed to help reduce the rent burden on businesses?

Government subsidies

Tax credit incentives for landlords

Interest-free loans

Rent-free periods

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What economic challenge is South Korea potentially facing according to the Bank of Korea governor?

Inflation

GDP contraction

Trade deficit

Currency devaluation

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What factor could influence the future of office rent levels in Hong Kong?

China's economic recovery

Global market trends

Local government policies

Tourism recovery