Professor Yip Siu-Fai on Wealth Inequality and Poverty in Hong Kong

Saturday, 5 October 2024, 14:20

Professor Yip Siu-Fai highlights rising poverty affecting all districts in Hong Kong, urging a return to a poverty line measure. The welfare chief defends current policies. Oxfam Hong Kong reveals alarming poverty statistics, emphasizing the need for vocational training and economic revitalization.
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Professor Yip Siu-Fai on Wealth Inequality and Poverty in Hong Kong

The Expanding Landscape of Poverty in Hong Kong

Professor Yip Siu-Fai, chair professor at the University of Hong Kong, warns that poverty is no longer isolated to older districts, impacting all areas of Hong Kong. In a recent interview, he explained that low-skilled workers are facing significant challenges post-pandemic. The ongoing economic restructuring has exacerbated the situation, highlighting a critical need for attention.

Oxfam Hong Kong's Alarm Bells

A report by Oxfam Hong Kong indicates that more than 1.39 million individuals are now living in poverty, marking a troubling increase in poverty rates since pre-pandemic times. The charity stresses that enhanced support structures are necessary, particularly for the elderly and low-income groups.

The Role of Government and Community Initiatives

Professor Yip called for the restoration of the official poverty line as a vital tool for policy-making and transparency. He underlined the necessity of mobilizing community efforts alongside government initiatives to combat this growing issue.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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