The Policy Address 2000

Summing Up

46. The economic setback that we recently experienced has brought hardship to many of us. We are still recovering from the fallout of the Asian financial crisis. Nevertheless, with reforms and adjustments, we have strengthened our foundations and are now moving towards a knowledge-based, sustainable and competitive economy. What we are seeing is a return to growth and the opening up of enormous business opportunities. The momentum of our economic growth will persist and the employment situation will further improve, with increasing job opportunities and a decreasing chance of layoffs. In recent months, we have heard the encouraging news that many companies have started to give their employees a pay rise. This should soon show up as a trend. For salaried workers, next year will be a better year. The outlook is certainly optimistic!

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