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ian
to the uncertainties of the World economy. Thus, with both cost-push and demand-pull factors, the prospect of continuous economic growth brings with it the danger of inc- reasing inflation. Despite our non-Ke
non-Keynsi
economy, we must do what we can to contain inflation. In my view the most effective anti-inflationary policy is to exert stringent cost-control and increase productivity, rather than to rely on the relative rise in price level abroad to preserve our competitiveness. One must bear in mind that it would be un-
wise to depend on the adjustment mechanism after inflation has got out of hand.. Only consistent efficiency enhancements can pro- vide Hong Kong with.a vibrant business sector to remain competitive in the World
today.
Sir, I support the Motion.
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HIS EXCELLENCY.
M CHENG Hon-kwan -
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CHENG:
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Sir, there is a Chinese saying that if you
please your elder brother you will somehow
offend your Sister-in law.
失嫂意
J V Z H
Meaning that
it is hard to please your Brother and Sister- in-law at the same time. The art of pleas- ing everybody is indeed a difficult one— especially when it comes to money matters. However, I think the man-in-the-street would join me in giving credit to the Financial Secretary for his successful endeavours this year in producing a Budget that pleases
all sectors of the community in one way or
another.
No comments yet.
Private notes are available after approval.