Hong Kong's Economic Blueprint: John Lee Unveils Major Initiatives

Hong Kong's Chief Executive, John Lee, unveiled ambitious plans to boost the city's economy and improve citizens' lives during his fourth annual policy address.

The economic growth forecast for the year stands at 2% to 3%, with a slight increase in 2024. Proposed developments include accelerating the Northern Metropolis Area, enhancing AI safety, and advancing new energy initiatives.

Furthermore, the government's focus extends to tax incentives, the gold trading market, fostering international partnerships, and supporting cultural industries and autonomous vehicle trials. Livelihood enhancements emphasize housing, education, and fertility measures.