You stupid moron, Hong Kong is one of the most successful places in the world these days. During the Asian financial crisis, most other Asian countries, except China, did worse than Hong Kong. The financial crisis started in places like Korea and Thailand etc.
peter236 發表於 2010-2-22 22:43
LOL~ I can't believe you are trying to distort historical facts now. Is that what they teach you to do at the 10 cents club training school?
During the Asia Financial Crisis, Hong Kong was one of the **LAST** places in the region to climb out of the recession because of the SAR government's steadfast refusal to unpeg the HK dollar from the US dollar. The result was massive deflation that lasted a lonnnnnng time, and regular citizens in Hong Kong suffered tremendously. It wasn't until 老懵懂 went up to beg Beijing to authorize 自由行 when the local economy started creeping back towards a healthy state.
If you can't even get your historical facts correct, don't spew your nonsense around la.
LOL~ I can't believe you are trying to distort historical facts now. Is that what they teach you to do at the 10 cents club training school?
During the Asia Financial Crisis, Hong Kong was one of th ...
Lik 發表於 2010-2-23 01:04
Lik, you should get your facts straight now. It was because your British imperial government that didn't develop Hong Kong's hightech industry, unlike in Taiwan and Korea, that contributed to Hong Kong's situation during the Asian financial crisis. Anyway, countries like Korea and Thailand near went bankrupt during the financial crisis, while HK was able to maintain its financial stability.
Now, as one of the most successful cities in the world, Hong Kong runs a budget surplus, unlike the US, Japan, UK and most of Europe and Canada, which are either near bankrupt, or heavily in debt or running big budget deficits.
Of course you ignore the fact that, in the US, they have 20% of their property owner that owe more than their property is worth, also known as "negative equity". More than a hundred banks in the US went bankrupt last year.
In Canada, after asking for more tourists from China, the PM is so scared about the budget deficit that he prorogated the parliament. For India, they could not even afford to buy matching uniforms for their Olympics team. How are they going to solve their illiteracy problem?
Depends on what do you mean by Success. The success of a city doesn't mean only $. It is all kind of aspects. I'm not saying HK is not success. It is. However, is it the "MOST"? I doubt. Every city has its own problem. Down to the basic, city is built by people. If the people within the city are happy and have a good living in general, then the city is a good city for its people.
Depends on what do you mean by Success. The success of a city doesn't mean only $. It is all kind of aspects. I'm not saying HK is not success. It is. However, is it the "MOST"? ...
rainbow-davie 發表於 2010-2-23 10:43
Now, as one of the most successful cities in the world, Hong Kong runs a budget surplus, unlike the US, Japan, UK and most of Europe and Canada, which are either near bankrupt, or heavily in debt or running big budget deficits.
peter236 發表於 2010-2-23 01:14
Ya, the sky's falling in everywhere in the world except in Big China ar mah~ We know that's what you're gonna say la. And lemme tell you, any country can run a budget surplus as well if they do what the HKSAR government does -- handout unrealistically tiny amounts of funding to public and social services (such as healthcare, social support funds and programs), earmark chunks of money for aid programs to different industries and people so that the government looks good to the public, but when it comes time for people to actually apply for any of those, the requirements are super strict and basically impossible to qualify. So there is money left over, and the government can claim its surplus. And then it gets in bed with industry giants to funnel projects, land, and $$ into their coffers while leaving the poor to fend for themselves and rot.
發表於 2010-2-22 23:57
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