Hong Kong leader John Lee Ka-chiu has mapped out plans to break the city’s economic bottleneck on several fronts, from the food and pet sectors to the low-altitude and new energy industries and beyond.
In his policy address on Wednesday, the chief executive said the latest blueprint served as a road map for the city to achieve a “vibrant economy, pursue development and improve people’s livelihoods”.
“The well-being of our people is intimately linked to the health of our economy, making economic growth the key driver of livelihood improvement,” he said.
He rolled out a host of measures to diversify the city’s economy, ranging from supporting “made-in-Hong Kong” food such as fisheries products and pigs, introducing a pet restaurant licence, offering relief measures for small and medium-sized enterprises (SMEs), promoting commodity trading with tax concessions and developing the low-altitude economy.
The Post looks at the key highlights of Lee’s initiatives to boost the local economy.
Developing the food industry
Beyond promoting food from Hong Kong to mainland Chinese markets, the government has reserved land near the Heung Yuen Wai boundary control point to support the food industry, including wholesale, processing and trading.
