By Wang Ke & Yuan Fang
China.org.cn staff reporter

NPC deputy Lau Pui-king, a professor from School of Accounting and Finance under Hong Kong Polytechnic University, gave an exclusive TV interview to China.org.cn in which she expressed her deep concern about the global financial crisis and economy development in Hong Kong.

 

1. What impact has the global financial crisis had on China's economy? Are there opportunities as well as challenges? Details>>>

2. There was a steep decline in the China's growth rate in the fourth quarter of 2008. In your view how serious is the situation of the Chinese economy? Details>>>

3. Can China achieve its 2009 growth target of 8 percent? Do you have any suggestions as to how the target can be met? Details>>>

4. Do you think the government's 4 trillion yuan stimulus package will be able to stimulate domestic demand, especially consumer demand? Or do you believe further measures will be needed? Details>>>

5. According to figures from the US Department of Treasury, China's holdings of US Treasury debt were US$727.4 billion at the end of last year. There are many uncertainties about the US economy and there is concern in China about the country holding so much US government debt. What’s your comment on this issue? Details>>>

6. Donald Tsang has said 2009 will be very difficult for Hong Kong. What is your view? How hard has the Hong Kong economy been hit by the global financial crisis? What is the Hong Kong government doing to combat the crisis and, in particular, to maintain Hong Kong's role as a global financial center? Details>>>

(China.org.cn March 10, 2009)