[Budget 2020] Hu Dingxu and Yang Limen use the fiscal reserves to send money to solve the urgent need

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Written by: Huang Yongyu

2020-02-23 13:29

The Budget was released on Wednesday (26th), and the outside world is looking forward to whether the Financial Secretary, Chen Maobo, will send money to the whole people to alleviate the plight of the people. When the CEO of the Chinese Manufacturers Association Yang Limen attended the Hong Kong and Taiwan program "Urban Forum" today (23), he expected tsunami-like closures and layoffs in the next six months. He believed that the government should directly send money to solve the urgent needs of citizens.

Hu Dingxu, a member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference and former chairman of the Hospital Authority, even described the current "house leak" as having a typhoon. The government should "make money when it should."

Yang Limen: Social failure caused by bankruptcy

Yang Limen, the chief executive officer of the Chinese Manufacturers' Association, pointed out that more than half a year of social incidents, many companies were already "enduring", and the epidemic was another blow. He pointed out that SMEs accounted for more than 90% of Hong Kong. It is expected that there will be tsunami-like closures and layoffs in the next six months. He believes that the government should use its huge fiscal reserves to directly send money to stimulate the economy.

Yang Li, CEO of the Chinese Manufacturers Association, expects tsunami-like closures and layoffs in the next six months. (Screenshot of RTHK)

Member of the Legislative Council, Zhou Haoding, pointed out that the society is now in hot water, and the DAB's position has always been to strengthen the 10,000 people. He believes that the government ’s fiscal deficit is due to the objective economic environment and the epidemic situation is not a long-term factor. Therefore, it is necessary to “do something special” and send money to revitalize the economy. The economy may be worse. "

Hu Dingxu, a member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference and former chairman of the Hospital Authority, now not only has a house leak and a night rain, but also a house leak. (Screenshot of RTHK)

Hu Dingxu, member of the Standing Committee of the Chinese People's Political Consultative Conference and former chairman of the Hospital Authority, believes that not only "house leaks and night rain", but "house leaks" have encountered a typhoon. Many people in the society have taken unpaid leave. The government should consider sending money Consumer coupons stimulate the economy. Regarding the fiscal deficit problem, he believes that "you should use money to make money." Hong Kong has ample reserves and believes that it can be tolerated.

Current affairs economic commentator Li Zhaofu analyzes that if there is to be "all people have money". He explained that low-income people have a greater desire to spend, and if the middle class feels they do not need it, they can donate it themselves, which is easier to manage as a whole. He also believes that the government ’s predecessor, "Securing Enterprises and Protecting Employment," is a false proposition. How can anyone be economically unsound, and "requires metabolism." It would be better to send money directly to the public.

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Budget 2020 Budget Hu Dingxu