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HK PEOPLE SHOULD SPEND MORE: LIBERAL PARTY CHAIRWOMAN.

AsiaPulse News

| November 03, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

HONG KONG, Nov 3 Asia Pulse - A Hong Kong party chief has urged local consumers to spend more in a bid to help small and medium enterprises withstand the global financial storm.

Liberal Party Chairwoman Miriam Lau made the call when visiting local stores in Central, the semi-official RTHK reported Saturday.

Ms. Lau reportedly said that more small shops could fail as their cash flow problems continue, leading to a chain reaction that will push up.

The large amount of small and medium enterprises in the territory and the Pearl River Delta in China are facing a critical monment as most of the local banks are tightening loans to them in the face of the global economic downturn.

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