There's a need for the government to maintain social stability in the community and there's a need for higher welfare payments, partly because of higher inflation we've seen in the last year or two and the growing needs of the elderly.
More Quotes from Tai Hui:
It's very difficult to see how China can decrease its trade surplus in the short term. China is very self- sufficient in terms of consumer goods and electronics and while they can buy more Boeing and Airbus jets, they are already doing that and still recording a surplus.Tai Hui
Electricity doesn't travel very well. And there's no big power consumer among China's immediate neighbors that China can sell to.
Tai Hui
The high inflation was caused by the seasonal impact, but it also reflected the underlying inflationary pressure from rents.
Tai Hui
This growth rate is above market expectations.
Tai Hui
People have more faith in Hong Kong's logistics. Low value products are shipped directly out of Shenzhen to the world, higher value products come out through Hong Kong. It's the guarantee of safety.
Tai Hui
We're seeing inflationary pressure continue to ease in China, largely on the back of food prices, and I think the discussion going forward is that we would see a low inflation environment and maybe a hint of deflation as well.
Tai Hui
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