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 revitalizing Hong Kong's economy. In a TVB interview, he outlined how the project integrates four key components - land and housing, a university town, industry, and technology. Lee explained that when these elements are combined, they create a synergistic effect.
Talent is drawn to the area, followed by capital, as both are attracted to opportunities. He stressed that people and money naturally gravitate towards areas with promising prospects. Lee also addressed the recent rise in unemployment, attributing it to a lack of businesses. He emphasized that businesses are the foundation for job creation, particularly in the realm of advanced manufacturing.
Lee assured that Hong Kong's industrial sector is focused on high-value-added production, which will generate employment opportunities. When asked about his potential re-election, Lee maintained that a chief executive's primary duty is to fulfill their role effectively, regardless of their term length.
Written by urgent.news from RTHK News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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