Gobbledegookonomics

A small prize to anyone who can make sense of this report from last night's TVB news:

In regards to the decline in Hong Kong's competitiveness ranking, the Financial Secretary said this was due to internal economic growth.

That wasn't the only economic bollocks John Tsang was spouting in LegCo yesterday.  Following his claim that he was glad to see property prices had cooled down - "after rolling out the [government's market cooling] measures we see that they are effective" - it was, surprisingly, not the usual suspects who pointed out that the emperor had no clothes, but the usually pro-government Abraham Shek, who as representative of the Real Estate sector might be assumed to be not entirely averse to high property prices.

"Prices did not come down" admonished Shek, asking "What kind of success is that?"  Indeed.