Hong Kong's Ambitious Northern Metropolis Plan Boosts AI and Education Futures

Hong Kong is set to accelerate plans to develop its Northern Metropolis as a key economic hub close to mainland China. The city's leader, John Lee, aims to invigorate its economy with new industries such as artificial intelligence, and education, pivoting away from the conventional focus on finance.

This initiative comes amid challenges to reaffirm Hong Kong's image as a prosperous and competitive city following tightened political controls. Economic indicators show mixed outcomes with promising GDP growth, but a sluggish retail sector and a modest unemployment rate of 3.7%. Lee emphasizes revamping traditional business approaches to revitalize economic dynamics.

As part of development strategies, Hong Kong focuses on a future-proof education system, encouraging international student enrollments and supporting higher learning infrastructure. Complementary efforts include partnerships with the mainland to promote cultural awareness and patriotism, augmenting the city's historical narrative and global image.

(With inputs from agencies.)