Hong Kong’s first 5-year plan to set goals, not alter economic system: John Lee
Hong Kong’s first five-year plan will include both binding and aspirational targets, the city’s leader has said, stressing that the long-term blueprint does not signal a move towards a planned economy. Chief Executive John Lee Ka-chiu also revealed on Tuesday that the plan, which will be unveiled alongside his annual policy address the following day, would feature a blue cover symbolising “blue…
Hong Kong's Chief Executive, John Lee Ka-chiu, has announced the city's first five-year plan, outlining both mandatory and aspirational targets. Lee emphasized that the plan does not indicate a shift towards a planned economy, but rather serves as a strategic roadmap for the coming years. The plan will feature a blue cover, symbolizing "blue skies," openness, progress, and steadiness.
There will be indicators that are binding and those that are anticipatory, with the government taking the lead in implementing them. Lee also reiterated that the plan would not alter Hong Kong's economic system. The theme of his final policy address of the current term will be: "A Strategic Vision for a Bright New Era; Driving Reform and Boosting Development; Unleashing Opportunities and Enhancing Livelihood".
The documents, containing over 100,000 words in total, will be presented to the Legislative Council on Wednesday morning. The government has conducted a public consultation on both documents, receiving extensive feedback from residents.
Written by urgent.news from South China Morning Post - Hong Kong's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
