Wages on the rise and jobs growing: government chief
The government economist has countered claims that the economic recovery has yet to penetrate down to the grassroots.
Kwok Kwok-chuen yesterday said most wages were on the rise and job opportunities were also growing.
While he conceded that some low-end jobs were still suffering from wage cuts, the improving economy enabled workers to take up jobs with better salaries.
'I'm not being [overly] optimistic. I am just speaking from an objective perspective,' he said.
Speaking on Commercial Radio, the government's chief economic adviser sought to dispel fears that Hong Kong would be marginalised as the mainland modernised.
Major rival cities such as Shanghai would be unable to take over Hong Kong's leading position in the next 10 years, he said.