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Hong Kong unveils budget, warns on glabal risks

Hong Kong's finance chief Wednesday unveiled a budget to kickstart growth in the city and temper property prices but warned the world economy could face headwinds from possible trade and currency battles. During a speech interrupted by protests, Financial Secretary John Tsang also set out a series of measures to support the middle class and alleviate poverty in the first budget under an increasingly unpopular leader Leung Chun-ying.

Hong Kong unveils budget, warns on global risks

Hong Kong's finance chief Wednesday unveiled a budget to kickstart growth in the city and temper property prices but warned the world economy could face headwinds from possible trade and currency battles. During a speech interrupted by protests, Financial Secretary John Tsang also set out a series of measures to support the middle class and alleviate poverty in the first budget under an increasingly unpopular leader Leung Chun-ying.

CORRECTED-UPDATE 2-Hong Kong posts budget surplus as economy set for stronger growth

(Corrects to clarify title of Anthony Lau in paragraph eight) * Hong Kong unveils HK$64.9 bln fiscal surplus in 2012/13 * Modest corporate and salary tax rebates, capped at HK$10,000 * Financial Sec sounds warning on HK's simple and low tax regime * Budget steers clear of fresh property cooling measures By James Pomfret and Alison Leung
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