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Government’s economic growth forecast too cautious: economist Listen
An economist says the government is being too cautious by maintaining its full-year economic growth forecast at between two and three percent. Connie Bolland - the founder and chief economist of Economic Research Analysis Limited – says the economy is doing well and the growth figure could end up being higher. The government says the economy grew by 4.3 percent year-on-year in the first quarter of 2017, up significantly from the 3.2 percent increase in the previous quarter. Bolland speaks to Jim Gould.
Fishing zones - a “silly” idea Listen
A Harbourfront Commission member says it is "silly" for the government to set up fishing zones in Hong Kong. A new one in Tai Po opened on Friday. It cost HK$1.5 million to build, and would cost around HK$200,000 a year for maintenance. This is the second of three fishing zones the Chief Executive, CY Leung, announced in his policy address last year. Another in Central opened in March and the third one, in Tsing Yi, has not yet been endorsed by the District Council. Harbourfront Commission member, Paul Zimmerman, tells Annemarie Evans that people should simply be allowed to fish anywhere they want.
American business community cautious about deal: analyst Listen
China analyst Mark O’Neill says the response of the American business community to a trade deal between the US and China has been very cautious. Under the agreement, China will lift a 13-year embargo on US beef imports by mid-July. Beijing will also allow Chinese companies to buy US natural gas, and wholly foreign-owned financial services firms would be allowed to provide credit rating services in China. The deal comes a month after the leaders of both countries held a meeting in the US, and launched a 100-day action plan on economic cooperation. O'Neill tells Annemarie Evans that it’s possible the deal may not fully achieve its objectives.
China gets ready for major forum Listen
China is getting ready to host the Belt and Road Forum in Beijing on Sunday. Leaders from more than 20 countries are expected to attend the gathering, which will focus on President Xi Jinping's signature foreign-policy effort - envisioning a future world order in which China will play a leading role. In Hong Kong, the Justice Secretary, Rimsky Yuen, said the legal sector's role in the initiative can help improve the rule of law in the countries and regions involved. Speaking at a Law Society function, he said Hong Kong can be a "second-to-none" legal hub. China analyst Mark O'Neill tells Annemarie Evans that the forum is the biggest diplomatic event since Xi took office.