Northern Metropolis will power up HK economy: CE
Chief Executive John Lee says the Northern Metropolis is the breakthrough Hong Kong needs to power up its economy. In an interview with TVB, he said the project combines four elements in one – land and housing, a university town, industry, and technology. "When you add these elements together, what happens? Talent gathers, and capital follows. Because both talent and money go where the…
Chief Executive John Lee believes the Northern Metropolis holds the key to reviving Hong Kong's economy. In an interview with TVB, Lee highlighted the project's integration of four key components - land and housing, a university town, industry, and technology. He explained that these elements working together create a self-perpetuating cycle: talent is drawn to the area, generating capital, which in turn attracts more talent and investment.
Lee emphasized that both talent and capital gravitate towards opportunities, underlining the importance of business-friendly environments for growth. Regarding the slight increase in unemployment, Lee stated that the government is focused on supporting businesses. He argued that businesses are essential for job creation, noting that Hong Kong's manufacturing sector is advanced, offering high-value-added jobs.
When asked about his potential second term, Lee stressed the importance of remaining focused on delivering quality governance.
Written by urgent.news from RTHK English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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