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Hong Kong Chief Secretary Donald Tsang speaks at a news conference in Hong Kong September...

Hong Kong Chief Secretary Donald Tsang speaks at a news conference in Hong Kong September 3, 2001, a.., 2001-0
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IMAGE number
REU7514421
Image title
Hong Kong Chief Secretary Donald Tsang speaks at a news conference in Hong Kong September 3, 2001, a.., 2001-09-03 (photo)
Auto-translated text View Original Source
Artist
Unknown
Medium
photograph
Date
2001 AD
Shooting Date
2001-09-03
Image description

Hong Kong Chief Secretary Donald Tsang speaks at a news conference in Hong Kong September 3, 2001, announcing the government's decision to suspend all subsidised housing sales until June 2002, amid calls in the territory to cut supplies to boost prices and stimulate the flagging economy. Prices in Hong Kong's property market, a mainstay of the economy, have bumped along about 50 percent below 1997 peaks, and many people who took out mortgages before the crash have been left with negative equity.

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REUTERS/Bobby Yip / Bridgeman Images
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