Hong Kong's Strategic Vision: Northern Metropolis and Economic Resilience

Hong Kong leader John Lee presented his fourth policy address, focusing on boosting the territory's economy and improving livelihoods. Key initiatives include the Northern Metropolis project for housing and business development, and strategies to mitigate impacts from Chinese economic slowdown and global trade tensions.

Hong Kong's leader, John Lee, has delivered his fourth policy address, emphasizing plans to invigorate the financial hub's economy and boost its citizens' welfare. Lee reiterated the economic growth projection for 2025, focusing on fortifying Hong Kong's global standing while providing a bridge for mainland Chinese enterprises.

The address highlighted key objectives like improving public housing, raising wages, and enhancing elderly care and youth opportunities. These goals are set against a backdrop of economic challenges linked to China's slowed growth and international trade tensions.

A major highlight is the acceleration of the Northern Metropolis project, designed to house 2.5 million people and foster a new business district adjacent to mainland China. This development aligns with former leader Carrie Lam's vision to transform the area into a pivotal innovation hub, complementing the Greater Bay Area initiative.

(With inputs from agencies.)