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Should the stock markets go clash in Hong Kong and China to cool overheated economy and lower the inflations?
Hong Kong has a boost up economic outlook this year because the inclination of stock markets go nearly to 30,000 in Heng Seng index. We boasts Hong Kong has the highest numbers of rich citizens in Asia but the contemporary problem of highest gini coefficient of 0.535 reflecting the poor and rich gap is highest among all developed counties with estimated two millions out of slightly less than seven million population. Hong Kong has no pension for the retired citizens The damn fruit fund only pays ranging from $625-705 per month which is equivalent to less than one hundred US dollars. Canadians are entitled to equivalent to 8,000 to 9,000 Hong Kong dolllars per month. What a great comparison and contrast between Hong Kong and Canada? The recent TV programs showed many university graduated young couples are tending to have mental disease problem because the housing prices go up twice as much as last year. They can't afford to buy a small living unit in Shenzhen, the damned "market city" .
I want to say Hong Kong has estimated more than two millions out of less than seven millions total population are currently live under the poverty line. Hong Kong government should provide assistance to those welfare families. Just this week, there are many shocked suicide incident happened in Hong Kong. Do you think god will allow a welfare recipient who stole an organge pack of HK.$14 (less than two US dollars) jumped out of the window and killed herself in this city of no mercy! Hong Kong government must provide a basic pension fund to citizens who reached the age of 60s as the basic needs. Hong Kong citizens are experiencing hard to get works at their 50s. Why the god damned Donald Tsang Yum-Kuen entitled to have his already too much overpaid salary and benefit by 90k dollars each month. He is not a good catholic; he has no compassion; he is not even a normal human kind. I think a basic pension of at least $4,000 a month is just about right in Hong Kong for retiree reach age 60
2 Answers
- 1 decade agoFavorite Answer
There are many other ways to lower the inflation and cool down the economy thatn to crash the stockmarket. The central bank of hongkong coudl increase interest rates, which will have the same effect, without the sudden shock and crash of the economy.
- Anonymous5 years ago
Hong Kong is an SAR (particular Administrative region) it really is self sufficient from all judgements made by technique of China except for the Nominating Committee for the CE. Geographically that is in China yet politically and legally it isn't.
