Anti-revision storm affects Hong Kong’s economy
The Financial Secretary, Chen Maobo, pointed out that the turmoil in the past six months has severely hit the slowing Hong Kong economy. It is expected that the economy will continue to show negative growth in the fourth quarter, which has also caused the government accounts to be in the 15 years “Seeing popularity” for the first time. He criticized the thugs for threatening the personal safety and freedom of speech of small citizens with the primitive violence of “rebellion against us”, which resulted in “black terror” and also undermined the rule of law. Or even the brutal act of turning a blind eye, this kind of acquiescence and laissez-faire is the culprit that really ruins Hong Kong. “
Chen Maobo published a blog titled “Entering the 2020” yesterday. He mentioned that generations of Hong Kong people have experienced an unprecedented severe test this year. In the past nearly 200 days, this place suddenly became so strange, scary and thugs. Using violence as a means, “private” prevents them from breaking the law or dissenting citizens, maliciously harassing shops, shopping malls, banks and even the MTR, destroying private property and public property.
He said that these clips made many Hong Kong people feel worried and desperate, and because they were worried about the safety of themselves and their relatives and friends, they went out and had no desire to spend. In October, Hong Kong ’s retail sales volume plummeted by 26%, the largest single month in history. Drop. He said that these scenes also scared foreign business or sightseeing travelers, and even in traditional peak seasons such as Christmas Eve and Christmas, the number of arrivals has reduced by about half. He went on to say that Hong Kong’s economy has entered a recession, and a large number of grassroots wage earners bear the brunt of it. Their income has decreased and even faced unemployment. Among them, the unemployment rate in the catering service industry has risen to more than 6%, the highest in more than eight years. Two percentage points of the 2.9% year-on-year negative economic growth is due to these violent shocks and social unrest. “
Rebuke Thug “Dead Against Me”
He predicts that according to recent months, it is inevitable that Hong Kong ’s economy will continue to show negative growth in the fourth quarter. It will also make the government ’s accounts “red” for the first time in 15 years, which means that the government is flexible in mobilizing financial resources in the economic downturn. Will fall. He pointed out that the turmoil in the past six months has severely hit the slowing Hong Kong economy, and the bigger shock is in the hearts of the people. “Thugs have threatened the physical safety and freedom of speech of small citizens with the primitive violence of” rebellion against us. ” By trampling on the freedom and rights of others to create a bluff, it creates “black terror” and damages the rule of law. He said that the core spirit of the law as a social contract for the settlement of disputes is to prohibit the “jungle law” of bullying and bullying, so that society can become civilized and rational. No matter what motive is claimed, resorting to violence should not be, It’s illegal.
He pointed out that Hong Kong today cannot afford more violence and hatred. If disregard and dissatisfaction, turn a blind eye to the rampant, treacherous, and even brutal acts of thugs, this kind of acquiescence and laissez-faire is the culprit that really ruins Hong Kong. “Hong Kong may not be as good as it is ideal, but it is by no means as bad as some populations describe it.”
“Budget” focuses on employment protection
He believes that Hong Kong is currently facing several pressing issues: threats of violence (including injury, destruction, malicious nuisance and bottom line, etc.), social controversy and economic recession. However, it must be dealt with separately. It also means that we must fully prevent acts of violence and threats. “If the destruction can achieve the purpose, who else is willing to build?” Emphasizes that for small citizens, only social stability can find life and peace. Room for development.
He mentioned that if the business environment continues to be difficult and the unemployment rate is rising, it will further combat the weak consumer market and increase the living pressure of wage earners. In order to ease the “pain” caused by the economic downturn to SMEs and citizens, in February The released budget will focus on “supporting enterprises, protecting employment, boosting the economy, and alleviating the plight of the people.”