Hong Kong’s $4.6 billion spending stimulus can’t revive retail without tourists

Hong Kong’s $4.6 billion spending stimulus can’t revive retail without tourists
·5 min read

After studying cash transfer programs conducted by its neighbors, Hong Kong is experimenting with putting money in people’s hands to help its struggling retailers. More than 6 million people have registered to receive Hong Kong’s HK$5000 (US$640) spending vouchers, and will start receiving their credits in one of three mobile wallets, or on their Octopus metro cards, from Aug. 1.

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