https://www.scmp.com/rss/315284/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Hong Kong’s per capita gross domestic product increased by 58.9 per cent in real terms from 1997 to 2015, compared with a growth in the real wage index of only 12.6 per cent over the same period, suggesting labour’s share of economic growth has been rather limited. That income disparity is growing in Hong Kong is indisputable. The slow growth in real wages – less than 0.7 per cent on average a year over those 18 years – indicates a slow improvement in the living standards of the city’s working... https://www.scmp.com/comment/insight-opinion/article/2099294/hong-kong-people-still-need-better-social-welfare-protection?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2099294/hong-kong-people-still-need-better-social-welfare-protection?utm_source=rss_feed Wed, 21 Jun 2017 06:12:31 +0000 To expect Financial Secretary Paul Chan, who is just two months into his post, to do something very different from previous budgets of the Hong Kong government is basically unrealistic and unfair. Judging from the 2017-18 budget, Chan has inherited the basic fiscal policies of previous financial secretaries. And to a certain extent, there are many parts in his budget speech that appear to have been copied and pasted from previous budget speeches. For instance, the relief measures – a salaries... https://www.scmp.com/news/hong-kong/politics/article/2073083/why-it-was-unfair-expect-anything-different-paul-chans?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/2073083/why-it-was-unfair-expect-anything-different-paul-chans?utm_source=rss_feed Wed, 22 Feb 2017 13:30:00 +0000 The key debate on constitutional reform today is still on the mechanism and procedure for electing the chief executive by universal suffrage. Practically, the reform package that the Hong Kong government can propose must be acceptable to the central government, and if Beijing finds it acceptable, then the pro-establishment camp would most likely follow suit. At the other side of the divide, pan-democratic factions in the Legislative Council have clearly indicated that their votes will depend on... https://www.scmp.com/comment/article/1574224/moderates-must-come-together-compromise-political-reform?utm_source=rss_feed https://www.scmp.com/comment/article/1574224/moderates-must-come-together-compromise-political-reform?utm_source=rss_feed Fri, 15 Aug 2014 09:00:30 +0000