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HK Government should create demand by supply more

出自香港新聞網 - 樹仁新傳系學生實習習作

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John Tsang, Financial Secretary, released his last Budget in the term of office last Wednesday. Chiu Sin-chun, experienced financial commentator of Now TV thought that the Budget is too conservative.

Reporter/Yam Vicky

“The Budget cannot solve the main problem. It cannot help if the Budget is too conservative,” said by Chiu. The Budget is followed by the Basic Law, which cut its coat according to its cloth. However, the situation in the world is changing, supply can create demand. For example, because there are iPhones and people use iPhone. Chiu thought that the government should spend the expenditure first and then will have income. Education is an investment, government should invest more in this aspect.

He also thought that the Linking System of linking up US dollar (USD) and Hong Kong dollar (HKD) is worthless now. As the currency of HKD is hooked with USD, the exchange rate of Renminbi (RMB) and USD increased will cause the exchange rate of RMB and HKD increase. The purchasing power of HKD decrease and China is the greatest trading partner of Hong Kong nowadays, the price of buying things from China is more expensive, then inflation occurs. He hoped that the government could review the value of the Linking System, as Hong Kong is not benefited from the system now.

--095035 2012年2月8日 (三) 03:02 (UTC)

[Late articles will not be marked.]

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