Leung raises spending on poor as economy picks up
By Bloomberg News in Hong Kong | China Daily | Updated: 2013-03-25 05:54
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Leung Shu, 78, looking out of the window near his cage dwelling in Hong Kong. Hong Kong's property prices have soared in recent years with urban redevelopment shrinking the supply of older, cheaper blocks. Provided to China Daily |
Hong Kong Chief Executive Leung Chun-ying increased spending on the poor and elderly in his government's first budget, offering a growth boost to an economy burdened with record housing costs.
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