Lei Dingming – Hong Kong wants to exceed internal consumption – Qing Bao – Finance / Real Estate – Finance



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The entrepreneurship exchange can serve as a platform for exchanges between young people in China and Hong Kong to deepen mutual understanding. (Photo from the Xinhua News Agency)

In recent years, the internal consumption of the Hong Kong company is an indisputable reality. Politically, some members of the Legislative Council are constantly gathering Rab, in order to bring down even the bill that is obviously beneficial to the livelihoods of the people, it is naturally a reflection of the consumption internal society.

Hate speech online is full of enthusiasm, and mutual enthusiasm will not be a manifestation of social harmony. Strictly speaking, we should divide the internal friction into two levels: first, some people are filled with negative energy and complain to society, they constantly consume energy that makes a positive contribution to themselves and society. The second level is that people with negative energy are not pleasant to see for some aggressive people and whose ideas are not consistent with them: their talents are not used for production, but they are used to design how to damage the eyes.

This phenomenon is of course taken seriously by many public intellectuals in Hong Kong. The two magazines "Asia Weekly" and "Exclusive" have just published a book titled "Hong Kong Beyond Internal Consumption" at the book fair, which included badyzing internal frictions written by 15 cultural people in recent years. In recent years, we have attended almost every month at major media dinners Qiu Liben and Jiang Xun to talk about the general situation of the world and state affairs, which can be considered a rare opportunity in Hong Kong. Cultural People's Lounge. After a long period of time, I can easily feel that my friends have a strong foundation, a keen mind and a patriotic love for Hong Kong. I have benefited a lot. The masterpieces that I have. they have written reflect the true value of Hong Kong's contemporary history.

Land issues led to social differentiation

Why is Hong Kong's domestic consumption so serious? The reasons are complicated, here are some important ones. When a social phenomenon occurs largely, it must have its social foundation. What is the basis of this in Hong Kong?

Over the past three decades, global economic integration and advances in science and technology have dramatically improved productivity and human incomes: 100 million people have been affected by poverty. . In the past, only people in developed areas knew how to do the job, but people in developing countries learned and worked harder. People in developed regions can adapt to the current situation and know how to improve their abilities, but some of them can not face new competition or are not motivated, so their revenues stagnate.

This situation is likely to engender a populist trend in all the developed economies of the world, and Hong Kong is no exception. But the populist will not only help these people, but he will be more inclined to shut up their reason, not to understand and not to understand the new opportunities engendered by globalization and scientific and technological progress, and life will flow. in the grievances.

But there is another terrible phenomenon in Hong Kong that is rare elsewhere: it is the land issue. As everyone knows, Hong Kong does not have land, but it can not afford to build a house. In land, there are always different types of interests or pressure groups: the government is not decisive enough, the land supply is delayed several times, so that even if the houses are equitably distributed, the surface per person will be only 16 square meters. Compared to Singapore, the mainland, the United States and other places, there are too few.

Insufficient land directly increases real estate prices A person born into an ordinary family not only has a stagnant income, but can not buy a house for life either, which seriously hinders social mobility . People without homes have a nightmare for their living expenses, people who have homes can take advantage of rising real estate prices and social differentiation is easy to bring up. A substantial increase in land supply is not a sufficient condition to solve the Hong Kong problem, but it is a necessary condition. If unresolved, the internal friction will not disappear.

Hong Kong's sense of independence comes from lack of competitiveness

China-Hong Kong relations are another deep contradiction in Hong Kong. Originally, mainland China offers unlimited possibilities in Hong Kong, but as we have seen above, xenophobic sentiments have appeared all over the world, fearing that others will compete with each other. and let others be swept away. However, some uncompetitive people in Hong Kong are prone to a false sense of superiority: they mistakenly believe that the quality of the continent's population is low and they will not see others who have been in the past. It's the emotion derived from self-healing of the mind and it's hard to change.

This kind of ideological method that is subject only to emotional manipulation and the absence of facts will appear when China is about to collapse, so that Hong Kong alone has a deceptive deception. In fact, most of these people have not or have never traveled to Mainland China for several years and some say that the Chinese economy will collapse in the past and that even though the facts repeatedly refute their predictions, they will not stop. . However, some people who visit the continent frequently are inevitably surprised by the "beliefs" of these people based on ignorance.

There are many things to do to reduce internal friction: let's start by increasing land and promote young people in Hong Kong to communicate with the continent.

(This column is published on Friday)

Author:
Lei Dingming
Former Head of the Department of Economics, University of Science and Technology

Column Name: Thunder World

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