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| A public fridge where people can freely take what they need |
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| A public fridge can be found at Eaton HK hotel |
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| Where is Lam's compassion for those in need? |
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| A public fridge where people can freely take what they need |
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| A public fridge can be found at Eaton HK hotel |
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| Where is Lam's compassion for those in need? |
| A sister looks after her younger sibling in a cramped flat |
| Impoverished families usually have single parents |
| Children are usually too tired to do homework |
| Some children collect cardboard for extra money |
| A record 1.65 million people are in poverty in Hong Kong |
| Govt says handouts made poverty stats smaller |
| Sze says poor hit hardest during pandemic |
| What will Xia think of the poverty report? |
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| Law Chi-kwong says the poverty rate is lower than reported |
Yesterday the government said Hong Kong's poverty rate reached a record high last year, and the protesters were to blame.
In its annual poverty report, the government said 21.4 percent of residents were considered poor last year, up one percentage point from the year before. It said 1.49 million of Hong Kong's total population of 7.52 million were under the poverty line -- which is calculated at 50 percent of the median monthly household income before government allowances and subsidies.
The median monthly household income in 2019 was HK$28,900, which is difficult for a family to live on, and half that at HK$14,450, even worse.
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| Govt report says 1.49m are below the poverty line |
"The unrest caused severe disruptions and battered sectors related to consumption and tourism that involved substantial lower-skilled jobs. Grassroots families were particularly hard-hit," it said, adding that the labour market worsened in the second half of 2019.
How can the government blame poverty on the protesters, when it was the government that came up with the extradition bill in the first place and refused to listen to 2 million people protesting against it that caused the months-long protests that rocked the city?
And in any event, why does the government even allow employers to pay its workers such low wages to start with? It is the government itself that does not value these grassroots families to start with.
Perhaps after receiving a lot of heat for this weak explanation of why there are so many people in Hong Kong, the Secretary for Labour and Welfare Law Chi-kwong hit back, and began interpreting the numbers differently.
On a radio show today he claimed it was wrong to extrapolate there were 21.4 percent of people living below the poverty line in Hong Kong, based on the report his administration published.
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| Critics say report only tells half the story |
He explained that after factoring in various social security allowances and government relief subsidies, the poverty rate was only 9.2 percent, or 640,000 people. That meant the so-called post-intervention poverty rate marginally improved by 0.1 percentage points from 9.3 percent in 2018, he said.
Law added the efficiency of the government's social welfare programs helped 850,000 residents out of poverty through Comprehensive Social Security Assistance, and Old Age Living Allowance.
However, in many cases the government makes it very difficult to be eligible for CSSA, and the allowance for seniors is a very small sum each month, less than HK$1,500.
Ng Wai-tung, community organizer for the Society for Community Organization, said the welfare chief's analysis also did not reflect the whole picture.
"It's only half correct," Ng said. "On the one hand, it reflects the scale of low-income groups before any government assistance, but on the other hand, it underestimates the harsh reality that so many people are not even earning enough to make ends meet."
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| White elephant projects like Kai Tak waste money |
Law said the government has already rolled out multiple poverty-alleviation schemes this year.
While the effort is appreciated, the government's investment in the poor is pittance compared to how much it throws into white elephant projects like the Hong Kong-Zhuhai-Macau Bridge, the Kai Tak Cruise Terminal, and Disneyland.
If the government put more effort into really helping the poor, it would benefit Hong Kong's economy even more. Social mobility is what makes an economy stronger and gives hope to people.
But it seems the Lam administration is keen on blaming others for high poverty rates, when it is those in the position in power who have caused this problem of inequality in the first place.
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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.
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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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| Carrie Lam (with an new hairdo) hoping for a better 2020 for Hong Kong |
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| Protesters battled tear gas, pepper spray and violence in 2019 |
"I will
listen humbly to find a way out," says Chief Exec. Carrie Lam
in a New Year's message alongside top officials. "We
can begin again together."#HongKong
has been rocked by over six months of protest, with a fresh rally set
for January 1. https://t.co/kmLJLFCnSX
#2020 #NYE
pic.twitter.com/siFsYwj8Pq
—
Hong Kong Free Press (@HongKongFP) December
31, 2019
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| Millions of people came out to protest the extradition bill |
| Will the government really help the poor this time? |
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| South Korean film Parasite has reverberated among critics and viewers |
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| Director Bong Joon-ho winning the Palme d'Or for Parasite |
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| The Kim family survives by folding cardboard pizza boxes |
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| The Park family holds a lavish birthday party for their child |
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| Bong (in grey suit) with the cast of Parasite at Cannes |
| The Center in Hong Kong's Central district has a really expensive parking spot |
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| The price of the parking spot is US$7,205 per square foot |
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| Many live in spaces smaller than a parking spot in Hong Kong |
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| More than 80 percent of recyclable collectors are elderly women |
| Most do not want to depend on the government for help |
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| Most cardboard collectors are over 60, the oldest is 96 |
| Financial Secretary Paul Chan has yet to clarify how people can get the cash |
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| How about a more long-term approach to helping the poor? |
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| What about helping those who think they can't afford a flat? |
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| Wang Fuman at home and back to where he started, but with much more cash |
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| Zhuanshanbao Primary School is an hour away by foot |
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| Fuman with his sister (left) |
| Wang Gangkui was promised a job and then no word |
| "Ice Boy" Wang Fuman (centre) visits Beijing for the first time |
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| This picture of "Ice Boy" went viral |
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| He and his sister in their bare home |
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| Xi Jinping gives his New Year's address with two red phones on his desk... |
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| This picture was spotted on the shelf behind him |
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| This photo showing his love of football was not there... |
| Joel Chung wants to help students get the supplies they need |
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| Boxes of pencils and pens are collected |
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| Even a violin was donated and given away for free! |
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| Several mannequins for dressmaking |