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Financial Expert: Tsang Chun-wah fails to keep HK competitive

出自香港新聞網 - 樹仁新傳系學生實習習作

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Financial Expert: Tsang Chun-wah fails to keep HK competitive--095169 2012年2月7日 (二) 18:21 (UTC)

Experienced financial reporter Chiu Sin Chun blamed Financial Secretary John Tsang Chun-wah as he did nothing to [maintain the competitiveness of Hong Kong people - ???] in the latest budget.

Kong Shum

Tsang Chun-wah was criticized not to give $6000 giveaway in his last budget announced on last Wednesday. Chiu disagreed with the mainstream on the society. “The mass media shared the responsibilities to lead the public always focusing on the giveaway issue,” said Chiu.

He pointed out that Hong Kong should put more financial support on Research and Development sector to maintain its competitiveness over its opponents such as Singapore. “The government may lower rents to enhance development in human resourced. It is much better that tax refund,” said Chiu. [Well said.]

Chiu said the Principal Officials Accountability System restricted government officials as they worried any punishment. “It killed creativity and motivation to seek changes,” he said. He said Hong Kong government did not have the heart to improve and maintain the competitiveness, which was the biggest weakness comparing with Singapore and Taiwan.

[Grade: B-]

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