In what was supposed to be a New Year message on his official blog, Financial Secretary JohnTsang Chun-wah warned against "blind" pursuit of new industries as called for by more andmore economists, to address the social ills arising from an imbalanced economic growth that ismainly driven by the financial and property sectors.
Rejecting wide-spread criticisms that the government lacks long-term vision, Tsang wrote: "Wemust understand that a new industry takes a long time to nurture and develop, and its successis not guaranteed." He may sound clever in citing a dialogue in the latest James Bond movie: "Sometimes the old ways are best."