Tai Hui
Tai Hui
community government growing higher inflation last maintain needs partly seen social stability welfare year
There's a need for the government to maintain social stability in the community and there's a need for higher welfare payments, partly because of higher inflation we've seen in the last year or two and the growing needs of the elderly.
caused high inflation pressure reflected underlying
The high inflation was caused by the seasonal impact, but it also reflected the underlying inflationary pressure from rents.
brief checking credit difficulty government investment measures overall past seen slow
The difficulty for the government is how to slow investment and credit without checking overall growth. Over the past two years we have seen the government take measures that have sometimes been ineffective or that have had to be reversed after a brief period.
capital chinese quite step suggest
All these things suggest quite a significant step in liberalizing the Chinese capital account.
boost education kong
It's difficult. We need to boost the competitiveness of Hong Kong workers. That could be done by education but that's a medium-term solution.
buy china consumer decrease difficult goods recording short sufficient surplus terms trade
It's very difficult to see how China can decrease its trade surplus in the short term. China is very self- sufficient in terms of consumer goods and electronics and while they can buy more Boeing and Airbus jets, they are already doing that and still recording a surplus.