Joseph Wong Wing-ping

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Budget passable, but fails to meet city's biggest challenge

There are good points in this year's budget, John Tsang Chun-wah's seventh. First, in setting "competitiveness" as the theme, Tsang talks of three pillars that support Hong Kong's economic success: opportunities presented by the mainland, commitment to free market principles and our positioning as a world city. This message will help allay the concerns of some observers that Chief Executive Leung Chun-ying tends to be more northward looking and interventionist than his two predecessors.

27 Feb 2014 - 4:51AM

There are good points in this year's budget, John Tsang Chun-wah's seventh. First, in setting "competitiveness" as the theme, Tsang talks of three pillars that support Hong Kong's economic success: opportunities presented by the mainland, commitment to free market principles and our positioning as a world city. This message will help allay the concerns of some observers that Chief Executive Leung Chun-ying tends to be more northward looking and interventionist than his two predecessors.

Budget passable, but fails to meet city's biggest challenge