China-HK Economy/Deficit

HK financial chief warns of deficit in 15 years

  • English

Shotlist


FILE: Hong Kong, China - Date Unknown (CCTV - No access Chinese mainland)
1. Aerial shots of skyscrapers

FILE: Hong Kong, China - Aug 8, 2019 (CCTV - No access Chinese mainland)
2. Various of Chinese national flag, Hong Kong Special Administrative Region (HKSAR) flag

FILE: Hong Kong, China - Date Unknown (CGTN - No access Chinese mainland)
3. Various of traffic, pedestrians, buildings

FILE: Hong Kong, China - Oct 8, 2019 (CGTN - No access Chinese mainland)
4. Shops along road, traffic on road
5. Various of board showing discounts of store, shopping mall

FILE: Hong Kong, China - July 24, 2019 (CGTN - No access Chinese mainland)
6. Various of shops, pedestrians
7. Various of buses

Hong Kong, China - Recent (CGTN - No access Chinese mainland)
8. Pedestrians
9. Bus
10. Clocks

FILE: Hong Kong, China - Sept 6, 2019 (CCTV - No access Chinese mainland)
11. Various of cityscape, buildings

FILE: Hong Kong, China - Date Unknown (CCTV - No access Chinese mainland)
12. Various of buildings along Victoria Harbor




Storyline


Hong Kong's financial chief warned a possible budget deficit in this fiscal year when reporting the economic outlook to lawmakers at the Legislative Council of Hong Kong's financial affairs panel on Monday.

Paul Chan Mo-po, financial secretary of the government of the Hong Kong Special Administrative Region, said the budget deficit will be the first in 15 years, explaining that the chaos in Hong Kong has hurt local economic growth by about two percentage points this year.

Chan blamed the situation on global trade frictions and an economic slowdown. Meanwhile, the protests are also said to have had an adverse impact on the city's tourism, retail and food sectors.

Recent government data shows that Hong Kong sank into recession in the third quarter of this year for the first time in a decade.

DOWNLOAD
  • ID : 8128819
  • Published : 2019-12-02 17:10
  • Last Modified : 2019-12-02 17:19:52
  • Location : Hong Kong,China
  • Category : economy, business and finance
  • Duration : 1'03
  • Audio Language : Nats/Part Mute
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Version : 2

China-HK Economy/Deficit

HK financial chief warns of deficit in 15 years

Dateline : Dec 2, 2019/Recent/File

Location : Hong Kong,China

Duration : 1'03

  • English


FILE: Hong Kong, China - Date Unknown (CCTV - No access Chinese mainland)
1. Aerial shots of skyscrapers

FILE: Hong Kong, China - Aug 8, 2019 (CCTV - No access Chinese mainland)
2. Various of Chinese national flag, Hong Kong Special Administrative Region (HKSAR) flag

FILE: Hong Kong, China - Date Unknown (CGTN - No access Chinese mainland)
3. Various of traffic, pedestrians, buildings

FILE: Hong Kong, China - Oct 8, 2019 (CGTN - No access Chinese mainland)
4. Shops along road, traffic on road
5. Various of board showing discounts of store, shopping mall

FILE: Hong Kong, China - July 24, 2019 (CGTN - No access Chinese mainland)
6. Various of shops, pedestrians
7. Various of buses

Hong Kong, China - Recent (CGTN - No access Chinese mainland)
8. Pedestrians
9. Bus
10. Clocks

FILE: Hong Kong, China - Sept 6, 2019 (CCTV - No access Chinese mainland)
11. Various of cityscape, buildings

FILE: Hong Kong, China - Date Unknown (CCTV - No access Chinese mainland)
12. Various of buildings along Victoria Harbor





Hong Kong's financial chief warned a possible budget deficit in this fiscal year when reporting the economic outlook to lawmakers at the Legislative Council of Hong Kong's financial affairs panel on Monday.

Paul Chan Mo-po, financial secretary of the government of the Hong Kong Special Administrative Region, said the budget deficit will be the first in 15 years, explaining that the chaos in Hong Kong has hurt local economic growth by about two percentage points this year.

Chan blamed the situation on global trade frictions and an economic slowdown. Meanwhile, the protests are also said to have had an adverse impact on the city's tourism, retail and food sectors.

Recent government data shows that Hong Kong sank into recession in the third quarter of this year for the first time in a decade.

ID : 8128819

Published : 2019-12-02 17:10

Last Modified : 2019-12-02 17:19:52

Source : China Central Television (CCTV),China Global Television Network (CGTN)

Restrictions : No access Chinese mainland

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