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Stay alert for possible crisis, Leung warns

出自香港新聞網 - 樹仁新傳系學生實習習作

跳轉到: 導航, 搜尋

While attending the weekly seminar of the Department of Journalism and Communication of HK Shue Yan University yesterday, the Executive Council Convener Leung Chun-ying has given his personal insights into the role and functions of HK Government in the local economic development.

HK manufacturers fear of closing factories in Mainland

In the past six months, HK manufacturers who have established factories in the mainland China have been experiencing great impacts brought about by the new policies implemented by the Chinese Government. Leung commented that the increase in salaries of workers due to the newly enacted employment laws, together with the increase of costs in production and that of obtaining energy resources, for example, have greatly aggravated the financial burden of the manufacturers. Policies supporting environmental protection and increase in taxes for trading are other factors worsening the situation for HK manufacturers in the mainland. Leung pointed out that although such changes in governmental policies are vital for the country as a whole, considerable adverse influences have been posed on the Hong Kong manufacturers. They are now facing the threat of closing their factories or moving to farther, more remote areas in the mainland.

Don't blindly believe in the power of market, Leung warns

In Leung's eyes, HK Government has the responsibility, power and financial ability to further excel HK's economic development. Through this, Leung hopes that the various conflicts and hidden worries in society can be resolved. Leung pointed out that people should truly understand the nature of the market's power, "Do not blindly believe in it, as it can boost the economy while the market might as well eliminate HK," Leung warns. He further advised that HK people's misinterpretation against the Government's role in economic development should be rectified, so as to facilitate the planning of a far-sighted economical strategy.

China is HK's largest economic partner

When asked why there is inadequate cooperation between HK and the Mainland, Leung remarked that it all comes down to the mentality of people. "HK people's views toward the Mainlanders have had a few important changes over the past years," Leung commented. Leung noted that China being the largest economic partner of HK is geographically an undeniable truth. It is now the matter of how HK adjusts her own economic development with the development opportunities China brings.

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