A decade of loss

From 1998 to 2008, HK went from downhill to uphill and then downhill again. From 1998 to 2003, our economy was from bad to worse and then worst. Fortunately, the central authority started injecting cash to us by allowing people to visit HK. We were getting better from 2004 onwards until late 2007. Now we are struggling again but the central authority is busy helping itself so we may not be as lucky as we were.

From 1998 to 2007, we have lost a whole decade without achieving anything substantial to prepare us for the next financial crisis. We did not upgrade ourselves, we did not diversify our economy, and we did not know what to do next but only took a favourable policy from the central authority for granted. The financial crisis is destroying our economy and this may be the end of the peril of the East. There is a Chinese saying that "when you do not work hard during your young ages, you will have a miserable life when you become old".