Hong Kong leader says firms must strive to survive despite government support
Hong Kong’s leader defended measures in his policy address to boost the economy and improve livelihoods, stressing that businesses must also do their part to remain competitive and survive, even with government aid. Chief Executive John Lee Ka-chiu said on Saturday that the livelihood section was the longest and broadest in scope in his policy address when asked about residents who had yet to…
Hong Kong's Chief Executive, John Lee Ka-chiu, has maintained that government support is insufficient for businesses to thrive, emphasizing the need for firms to strive and innovate. While providing funding, expanding markets and encouraging technology adoption, Lee stressed that individuals must also make their own efforts. Despite government assistance, Eric Ho, an SME owner, admitted his restaurant still faces challenges due to a surge in out-of-town visitors and a lack of tourists.
Lee reassured the public that reforms were in progress, intending to address a range of issues, including urban management, traffic, and water-pipe problems.
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.
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