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Financial Commentator:the latest Budget is short-sighted

出自香港新聞網 - 樹仁新傳系學生實習習作

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After the release of the (Budget-no need to cap.) by John Tsang Chun-Wah on (x) 1st February, 2012, criticisms (of it-inc) grabbed headlines of different (media-use diff word, awkward otherwise). An experienced financial commentator of Now TV, Chiu Sin-Chun, said at the assembly of Hong Kong Shue Yan University on 7th February, 2012 that the latest Budget is short-sighted and too conservative. (good opening)


The day (right-inc) after the Budget released, several callers complained about the lack of cash handouts on a radio phone-in program. Chiu Sin-Chun commented that cash giveaways should not be the main focus in the financial Budget.


“No matter the $6000 giveaway issue or the tax refund policy in the Budget, they just cover short-term returns and investments, but what Hong Kong needs is a long-term budget planning.” Chiu said.


He added that more financial support should be put on the Research and Development sector so as (to compare with its opponents-rephrase, compare not clear in this context, and opponent is not the appropriate word) like Singapore and Taiwan. He said, "the Hong Kong government may offer some (preferences?) for the large-scaled enterprises (in training the talents?) or lower the rents for company development.” (Meaning of quote in unclear)


Chiu Sin-Chun also pointed that a good budget should make a contribution instead being too conservative.


“Conservative(adj, should be noun) is not perfect. It ruins peoples’ creativity and vitality.” Chiu criticized. “Compared with Singapore and Taiwan, the Hong Kong government does not have (any?) heart to seek changes and remain competitive, which is the main weakness of Hong Kong.”

This article uses good examples, however some quotes could use more elaboration.

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