How S'pore, HK will tackle same challenges

How S'pore, HK will tackle same challenges
SINGAPORE (above): To manage rising income disparity and ageing populations while sustaining growth, Singapore adopted “a more explicitly redistributionist fiscal policy”, said Fitch Ratings. HONG KONG (below): Its government introduced tax cuts and set up a sovereign wealth fund to provide financial support to address the ageing population and the potential structural deficit this may cause.

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