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Thank you very much again for coming this afternoon. We have found it very helpful. A number of useful ideas have come up and we will now try to take those forward in as effective a way as possible. We have got to remember that at the end of the day, the people we are talking about need us to come up with practical solutions because it is their jobs that are on the line. Thank you very much.
End/Thursday, November 9, 1995
Government's role to continue
The Government must continue to encourage business and investment in order to create job opportunities, the Financial Secretary, Mr Donald Tsang, said today (Thursday).
Speaking at the Governor's Summit on Employment, Mr Tsang said this meant minimum Government interference and maximum support.
"We are already heavily involved in providing the physical, human, legal and regulatory infrastructures," he said.
Referring to recent calls to "kick-start the economy" or "create jobs". Mr Tsang said the Government could not stimulate the economy through tax cuts or higher public spending. "Taxes are already low and the public sector is too small an element in the total economy," he said.
"In practical terms, it is difficult to identify what sectors or occupations the Government might choose for artificial job-creation," he added.
Mr Tsang said the Governor's Summit on Employment was an important and constructive dialogue between employers, employees and the Government on tackling the problem of unemployment.
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"We can show our investors local and overseas that all three parties stand ready to work together to overcome our problems," he said.
End/Thursday, November 9, 1995
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