Hong Kong to use 21 indicators to define poor after dropping income metric

Hong Kong will measure the size of its poor using a new 21-indicator framework, abandoning the previous income-based metric said to have overestimated the number of underprivileged people by ignoring billions of dollars spent on public housing and healthcare. In a 224-page report released on Thursday, the government also raised the concept of “social transfer values” for the first time, referring to how much income a family effectively gains by not having to pay full price for public...