peter236

Hong Kong is basically a financial city, with no natural resources. At least, Canada can sell some resources at lower prices to make some money during a recession. It is hard for HK government to generate revenues when the stock market is lousy.

Lik has probably mixed up the foreign currency reserve with the fiscal reserves.

Which government is smarter than the HK government in the world? Not that many. US, UK, Japan? No way. At least, Hong Kong is smart enough to accumulate more reserves during the good times. HK government did cut the property taxes for the last year.