The Hong Kong government, notorious for its reluctance to share its vast accumulated reserves with the public, is struggling to deflect widespread mockery after a budgetary u-turn by Financial Secretary John Tsang.
Tsang this week said he would hand out cash directly to the public, caving in to protests over his announcement a week earlier that he would put the cash into government-approved retirement schemes. Direct handouts, he said in his budget, would be inflationary.
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