| Chan's budget aimed at fighting Covid, helping businesses |
| Lam announced universal testing last night |
| Permanent residents will get HK$10,000 |
| More money spent on fighting Covid-19 |
| Chan's budget aimed at fighting Covid, helping businesses |
| Lam announced universal testing last night |
| Permanent residents will get HK$10,000 |
| More money spent on fighting Covid-19 |
| Thousands waiting, is this the most efficient way to fight Covid? |
| Lee is isolating after his helper tested positive |
| Some 400 taxis will ferry patients to clinics |
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| People retiring soon don't have much saved in their MPF |
Hong Kong's Mandatory Provident Fund, or MPF is a compulsory savings scheme for retirement. Both the employee and employer contribute a maximum of HK$1,500 each per month and the employee decides which mutual funds to invest in.
As a result, a maximum of HK$36,000 as a principal is added to the MPF per year, and since it was only started in 2000, people who are now in their 50s feel the amount in their MPF accounts is hardly enough to financially cover them in retirement, and as a result many want to continue working.
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| HK$36K per year is invested in the MPF |
Many also worry that because of the coronavirus pandemic, healthcare costs will rise.
The MPF on average can only provide about 40 percent of a person's salary after retirement.
"Many people in Hong Kong don't plan for retirement and fail to make a long-term plan," said Doris Ho, chairman of the Hong Kong Retirement Schemes Association.
"The MPF is not going to be enough for those who are now in their 50s. The middle-class individual may either need to continue to work or they will need to accept a lower living standard if they are forced to retire at 60," said Kenrick Chung, general manager of employee benefits at Realife Insurance Brokers.
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| HK should encourage more mature workers |
However the opposite is true for younger employees, who have had more time to contribute to their MPF and as a result will have a bigger sum when they retire.
Hong Kong is one of the fastest-ageing populations in the world. Between 2018 and 2038, the number of people aged 65 and older will almost double from 1.27 million to 2.44 million, and their age group will increase from 18 percent to 32 percent, according to government estimates. Life expectancy in the city is also the highest in the world at more than 85 years, according to the World Bank data from 2018.
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| HK has the fastest-aging population in the world |
These days retiring at 60 is very young and Hong Kong employers can't just kick out employees who have a lot more to offer in terms of knowledge and experience, especially to the younger generation. This is particularly true in trades, but it applies to all kinds of companies.
Will the government read this report and take it seriously? Chief Executive Carrie Lam Cheng Yuet-ngor herself is 64 years-old. She says her administration is concerned about social welfare. Time's ticking, Carrie...
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| Outbreaks in housing estates in Kwai Chung and Ma On Shan |
Hongkongers are getting tired of the coronavirus pandemic, and their patience with how the government has handled it is wearing threadbare thin it could snap any day now.
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| Swimmers are desperate now beaches closed |
But people are tired of staying home and it's going to be Christmas in two weeks.
Restaurant owners, chefs and wait staff are disappointed -- it is during this period in December when they rake in the most money, and considering they've had it tough all year, they were hoping to recoup some of the losses these few weeks but now that's gone.
Does the government really think it can seriously clamp down on the virus by Christmas Eve? Why not just tell us that Christmas is cancelled and be done with it? Fireworks won't be exploding in the sky December 31 anyway.
Now the frustration is turning on the government for mishandling the pandemic. There have been so many missteps from the beginning.
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| Healthcare workers docked pay for striking |
Then there were several loopholes where airline staff were tested at the airport, but didn't have to wait for their results. One airline staff went sight seeing with his luggage on the Peak Tram. Questions were raised and then finally loopholes were tightened.
Also, why do directors of listed companies and those planning their IPOs, get to be exempted from quarantine? It makes absolutely no sense. Everyone needs to take a test, regardless of who they are.
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| Restaurants desperate for business, now shut at 6pm |
Finally why has Hong Kong not procured enough Covid vaccines for everyone, and not until late 2021? Not only that, but also the flu jab as well. The government was warned well in advance the winter season would be even more severe, and yet only about 200,000 are available in the city of over 7 million.
Why is it that Hongkongers are forced to pay for the mistakes made by the government?
Gym owners are angry they will be shut again tomorrow, and even though the government stipulates it is for two weeks, the last time gyms were closed, it was at least six weeks later until they were allowed to reopen.
Meanwhile Lam claims she is too busy working to even talk to her husband, and boasts of having piles of cash at home because she can't open a bank account.
How about sparing a thought for the hundreds of thousands of people who have been financially affected by the pandemic and lost their jobs or had to take pay cuts for the foreseeable future?
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| Why are dancing clubs still not closed? |
Two housing estate blocks in Kwai Chung and Ma On Shan have clusters of infections and yet the government has not exercised its powers to lock down those buildings to test everyone; many families have moved out elsewhere, possibly spreading the virus to other areas.
Is this deliberate so that Hong Kong will never be able to reopen its borders with the mainland and Macau again? Or is it because of the sheer incompetence of the government to follow expert advice and make decisive decisions?
Because the number of cases is so high these days, the chances of the travel bubble with Singapore restarting again soon is a far from possible.
Lam is one of the highest paid leaders in the world and yet her performance rating is so low.
It boggles the mind how Hong Kong ended up with Lam. Do the 777 people who voted for her in 2017 regret doing so?
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| The poor might be less poor, but still not catching up to the rich |
However, as many have pointed out on social media, the trust in the bank has broken, making them wonder how safe their money is.
-------------------------------------------------------
China announced late last month that it has eradicated extreme poverty, a goal President Xi Jinping had pledged in 2015, to complete this year.
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| 832 counties are not in extreme poverty anymore |
However, Caixin reports this does not mean these counties are completely poverty-free.
"Because the policies are based on raising average incomes, the results often smooth over the circumstances of individual families or communities that continue to live in penury."
Meanwhile on the other end of the spectrum, China's rich have gotten much richer thanks to the coronavirus pandemic, according to lists compiled by Forbes and Hurun Report.
"The world has never seen wealth created at this speed before," said Rupert Hoogewerf, founder of Hurun Report that tracks China's richest.
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| Nongfu owner Zhong is US$52billion richer |
By comparison, America's 400 richest are now worth US$3.2 trillion, only 8.2 percent more than a year ago, according to Forbes numbers.
How China's rich became many times more richer is thanks to IPOs and stock market jumps. Other factors are post-epidemic economic recovery, and fast-booming digital and technology industries.
One company that profited from its IPO is Nongfu, the water bottle brand. When it went public in Hong Kong in September, founder Zhong Shanhan became US$52 billion richer, which made him the third richest in the country.
The pandemic resulted in a surge in sales in the e-commerce and healthcare industries. Wang Xing, founder of food delivery company Meituan, quadrupled his wealth to US$25 billion.
Meanwhile Chongqing-based vaccine producer Zhifei saw the wealth of its chairman Jiang Rensheng almost triple, after Chinese regulators approved human trials of the company's Covid-19 vaccine.
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| Li of Winner Medical prospered during pandemic |
Not only those areas are doing well, but also the automotive industry, such as electric vehicles and autonomous driving companies.
Electric vehicle or EV startup Xpeng's IPO in New York this summer helped its founder He Xiaopeng grow his wealth by 80 percent to US$6.6 billion.
And China's biggest lithium battery producer CATL's head, Zeng Yuqun, tripled his wealth to US$17.6 billion this year.
So while Xi met his goal to lift 832 counties out of extreme poverty, that doesn't mean the wealth gap has narrowed significantly...
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| Ai Weiwei's documentary is about the pandemic in Wuhan |
Let's face it -- 2020 has been completely shot -- thanks to the coronavirus pandemic and we still haven't tamed the virus thanks to people in parts of the world refusing to wear masks, or governments that didn't take it seriously in the beginning.
Over 1.29 million people have died since the pandemic began December 1, 2019, when the first case emerged in Wuhan, China.
Since then it spread to over 200 countries and now there are over 52.3 million cases.
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| Ai and his team edited 500 hours of footage |
Called Coronation, the almost two-hour documentary is a series of vignettes and interviews with Wuhan citizens who had to come to grips with the reality of the virus and the decisions local and central governments made.
I saw the documentary last night with my friend YTSL, and also in the audience was former chief secretary Anson Chan Fong On-sang, Eric Wishart of the Foreign Correspondents' Club, and lawyer and author Antony Dapiran. We were in good company.
The opening image of Coronation is stark, viewers overlooking the high-speed rail lines in Wuhan that were paralyzed by the virus, completely empty, and the dreariness of the city. Three videographers record themselves driving back to the city and encounter a lot of police checks and frozen gas pumps.
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| A nurse helps an elderly patient with Covid-19 |
One gets access to the construction site of Huoshenshan Hospital, the emergency field hospital that was built within days to house 1,000 patients. Once it's completed, one of the doctors goes inside to report to work and he walks and walks along corridors until finally he reaches his locker.
Then there is the tedious task of putting on layers of personal protective equipment. He grabs a rubber glove with air in it to make sure there are no holes before putting it on. Very smart. Another person writes with a felt tip marker on his hazmat suit that he is a doctor and what his name is.
No wonder doctors couldn't go to the bathroom with all that stuff on.
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| A construction worker talks to his niece |
One wishes the doctor would talk to the camera, but perhaps he was too hungry, as we watch him eat. Maybe we are already lucky to have such close access that we shouldn't demand much more.
However there are other stories, like the construction worker who helped build the hospital but is stranded in Wuhan and can't get out. He is stuck living in his car and charges his phone in a car park. He calls his young niece who reminds him to disinfect himself before they see each other.
It's light moments like these that keep Coronation not too sombre.
Perhaps one of the funniest vignettes is when a videographer stays with his mother, who is a die-hard revolutionary. She insists as long as you do what you are told, you will be looked after and shows off she has won many awards.
Her son eggs her on to show them to him and she gathers a stack of red fabric books and dumps them unceremoniously on the table. There are certificates too that are rolled up like scrolls, though one is ripped and he jokes it's because it has Lin Biao's name on it.
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| A videographer (right) with his mother |
One middle-aged son believed the government when it said there was no proof of human-to-human spreading of the virus and brought his elderly father back to Wuhan. He was soon infected and died; his son regretful, but wishes to do his duty to give his father a proper burial.
However, his father's danwei, or work unit refuses to allow him to retrieve his father's ashes alone; he must be accompanied by minders and he is adamant that this not happen. The danwei people realize they have not handled this carefully, but at the same time the son knows they are only doing their job, but he respectfully insists that he must not be accompanied by strangers who did not know his father at all.
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| The government tries to "disinfect" Wuhan |
The mainlanders deal with authoritarian rule everyday, and some in the film know very clearly what is going on, others blindly following along. For some the pandemic has revealed the authorities' inability to humanize the situation, that everything is for the good of the state, even though it insists it is ruled by the people.
Coronation was remotely directed by Ai; the access the videographers got was impressive, though at times the camera is blurry and there are no second takes. It is a gritty film, though not as well produced as his previous work, Human Flow, about the refugees from Syria, Lebanon and Iraq who make their way to Europe.
Nevertheless, Coronation is an excellent record of what it was like in Wuhan, something the Chinese government cannot completely whitewash.
Coronation
Directed by Ai Weiwei
1hr 53 minutes
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| A makeshift emergency field hospital has been set up in Central Park |
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| Dr Lau Ka-hin warns isolation wards are in short supply |
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| Some 39 positive cases are waiting to be admitted to hospital |
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| One bar/cafe with this sign on its door |
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| Medical staff in full suits looking after coronavirus patients in Wuhan |
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| People are still very angry about Dr Li's Wenliang's death |
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| Luo Huining says troublemakers are the virus, but they won't succeed |
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| Earlier this month healthcare workers went on strike |
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| Strikers demanded all borders be closed to contain the virus |
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| How about gaining good will by supplying masks to HK? |
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| Labour and welfare minister Law claims he hasn't work a mask for 22 days |
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| Lam says her masks are going to healthcare workers -- really? |
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| A guy wears ski googles, mask and gloves |
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| Most people wear masks in Hong Kong in public spaces |
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| Even the MTR is very quiet, with not many people using public transport |
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| Shopping malls like Times Square have few customers |
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| Almost everyone wears a mask out in public |
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| The Boston Symphony Orchestra has cancelled its Asia trip |
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| The health care union said Carrie Lam didn't come to meet them |
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| Health secretary Sophia Chan wipes tears during a radio show today |
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| The healthcare union voted overwhelmingly to strike Monday |
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| DAB's Starry Lee hands out masks to residents |
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| Long lines to pick up masks from pro-Beijing political groups |