Poll supports cuts in shop rents
The public has given strong support for reducing shop rents and keeping the dollar peg as important measures to stimulate the economy, according to a poll commissioned by the South China Morning Post.
Of less importance, according to the respondents, are proposals to train unemployed people to start their own business and host a World Fair or Expo for 2001.
About 706 respondents were asked to rate the importance of a list of measures in enlivening the economy in the survey conducted between June 19 and 22.
Some 93 per cent agreed that reducing shop rents was either 'extremely', 'very' or 'fairly' important. Only five per cent disagreed.
A similar number - 92 per cent - say encouraging more manufacturing industry to come to Hong Kong is important.
Reducing personal income tax, rates and business taxes as well as interest rates have also received strong support of 85 to 87 per cent.
A total of 81 per cent of respondents say it is important to maintain the fixed exchange rate system. Only eight per cent think otherwise. Ten per cent had no opinion.
About 74 per cent want monthly allowances for elderly people to be increased and 73 per cent support introducing unemployment benefits, the survey found.
Only about two-thirds of respondents agree a World Fair or Expo in 2001 will help stimulate the economy.
Another 30 per cent did not think the idea of training jobless people to start their own business would work.
The survey also found 85 per cent of respondents would mainly save their money if they received more.
Only 11 per cent say they would mainly spend it.