Madam President,
A. Introduction
1. This is my first Policy Address following my re-election as Chief Executive of the Hong Kong Special Administrative Region (HKSAR). It sets out the blueprint for the Third Term Government of the HKSAR in the next five years. I have prepared this Address with full confidence in the future of Hong Kong.
Full Confidence
2. I am confident because Hong Kong's economy is back on track, registering rapid growth over the past 15 quarters. The three years from 2004 to 2006 saw average annual growth of 7.7%. The first half of 2007 saw further growth of 6.3%. The unemployment rate has dropped from 8.6% in mid-2003 to 4.2%. While inflation has edged up recently, it is still relatively mild. I will pay close attention to its implications on the livelihood of the low-income group. That said, incomes have generally risen, and I believe that the community at large is feeling more prosperous.
3. I am confident because Hong Kong people have overcome the confusion and anxiety about their future, which was once shrouded in uncertainty. In the 10 years since reunification, we have experienced various ups and downs. And when we found our footing, we were no longer the same: we now have a stronger faith in the future, are more confident and know where we are going.
4. I am confident because after 10 years of implementing "One Country, Two Systems" the advantages are there for all to see. Only through leveraging the strengths of our country can we position ourselves globally to create a better future.
