Tsang is not an economist. Inflation this time is not caused by consumers (us). Starting at the origin : Consumer staple like food is mostly imported. What causes higher & higher prices? Rising RMB (while HKD pegs to USD). Can we do anything about it? Local citizens have to hedge by buying RMB (& pay the banks differential). Has HKSAR done anything with our reserve? None!
Has HKSAR tried to reduce the import (eg. by promoting local produce, perhaps in alternative forms eg real organic food)?
Tax refund does not mean we consumers will keep on buying things & therefore pushing prices up => inflation! Go back to study, Tsang Chun Wah.
Remember HKSAR said there was no bubble in property prices????? They are either liars or blind. They don't deal with problems not to mention anticipate problems & curb them before blow up.
All policies are damn wrong : levy on foreign domestic helpers, medical insurance, educational reform, Asian Olympic, allowing too many mainland Chinese to come to HK.
What has HKSAR done to improvize our younger generation? Does more universities/diplomas = more better quality youngers? I don't think so.
好大喜功, 眼高手低, 掩耳盜鈴 is our government. 各位唯有自求多福 (sigh)
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