Word-up: Hong Kong budgets for trouble ahead

Hong Kong finance chief Paul Chan delivers a budget that gives but takes no chances in a world wracked by superpower trade tensions and heightened economic uncertainty.

Word-up: Hong Kong budgets for trouble ahead

Budgets are principally about numbers but the language used to convey the income and expenditure estimates of a country or jurisdiction often help to illuminate the bald figures.

On Wednesday, that was particularly pertinent as Hong Kong Financial Secretary Paul Chan generously peppered his second annual budget speech with the word “external” and more often than not together with the words “shock”, “uncertainty”, “headwinds” and “pressures”.

Chan's message...

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