Free Market

Baby milk marketing ban a blunt weapon that will hurt Hong Kong

Baby milk marketing ban a blunt weapon that will hurt Hong Kong. Photo: Edward Wong

The proposed advertising ban on infant formula milk sets a dangerous precedent of government over-intervention. This drastic measure will endanger consumer access to information and commercial freedom of speech, both of which are cornerstones of Hong Kong's free market competitiveness.

Saturday, 16 March, 2013, 2:40am 1 comment

Best days of the free market are over

Best days of the free market are over

The free market has been a wonder of our age. Its ideas have been like some remarkable scientific breakthrough that transformed the world. The free market propelled America and the West to global economic dominance, and allowed hundreds of millions of people in China and elsewhere to prosper. It won the 20th century.

12 Feb 2013 - 2:45am 8 comments

Free market no panacea for Hong Kong's ills

Chief Executive Leung Chun-ying has dismissed the governing concept of "positive non-interventionism" as obscure and contradictory. Photo: K.Y. Cheng

Hong Kong has for many years been singled out by conservative think tanks as the freest economy. It will be interesting to see what is made of the interventionist rhetoric of Chief Executive Leung Chun-ying in outlining his governing philosophy in a keynote speech to lawmakers. It does not take much to upset them.

25 Oct 2012 - 2:42am

It all comes down to property market

Despite getting a healthy dose of benefits last week from the financial secretary, the middle class's abiding interest in the budget is how it will affect the property market, especially with an uncertain outlook in Europe and the US.

9 Feb 2012 - 12:00am

Beyond limits

Executive councillor and chairman of the Housing Authority's subsidised housing committee Anthony Cheung Bing-leung said recently that the 'structural problem' of mainland people buying Hong Kong properties needs to be solved, and called for a resumption of the Home Ownership Scheme (HOS).

11 Jun 2011 - 12:00am

Take mainland sting out of housing market, Exco member urges

An influx of mainland property buyers has become a structural problem that needs to be solved to stop Hongkongers' discontent rising further, an Executive Council member warned yesterday.

15 May 2011 - 12:00am

Essential public disservice

Another day, and up pops another travel industry scandal following a predictable pattern, with aggrieved mainland visitors complaining about shabby and unethical treatment at the hands of Hong Kong tour operators.

12 Feb 2011 - 12:00am

HK must become truly competitive

This week could prove to be a significant milestone in Hong Kong's journey towards economic modernity.

5 Aug 2005 - 12:00am

Average Jean will be much better off wearing a Chinese sweater

'[The statistics] confirm what France feared: falls in price of up to 47 per cent for sweaters, and a market share for Chinese products which has doubled in certain categories, such as brassieres and men's underwear.'

Patrick Devedjian

French industry minister

26 Apr 2005 - 12:00am

There's a parallel not worth copying

Have you ever heard that saying 'slower than molasses flowing uphill in a frost'? It was coined to describe the speed at which the Hong Kong Government changes course when it recognises that legislation has gone the wrong way.

3 Nov 2001 - 12:00am

Jury out on economy

The Asian Development Bank (ADB) has added its voice to those predicting a worsening Asian economic outlook. Perhaps the only surprise is that the Manila-based bureaucrats did not issue the downgrade earlier. With the United States, Europe and Japan staring at recession or near-zero growth the world's exporting engine was never going to escape lightly.

28 Jun 2001 - 12:00am

A free market is best left free

'Also, from time to time, when the market is failing, meaning when there are people obstructing the operation of the free market, the government will have to step in to restore order so that the free market can rule again.'

16 May 2001 - 12:00am

Homing in on reality

CRITICS OF CHIEF EXECUTIVE Tung Chee-hwa's housing policy want him to abandon his long-term goal of selling more subsidised housing to the 'sandwich class', whose income is historically inadequate to buy a home in the free market.

24 Jun 2000 - 12:00am

Fashion lets slip its fig leaf

Has it ever struck you that the fashion industry needs to be told the story of the emperor's new clothes? You have undoubtedly seen those European fashion shows that our television stations increasingly inflict on us in which sour-faced bony hags wearing awkwardly draped textiles that you never see on the street are applauded for the highly skilled job of walking towards a camera.

31 May 2000 - 12:00am

Business gives support on shares policy

The Government should refrain from any future intervention in the stock and future markets, according to findings from the SCMP/Nomura Business Barometer.

11 Jan 1999 - 12:00am