Hong Kong sets 5-year plan to double innovation spending, boost new industries

    Hong Kong sets 5-year plan to double innovation spending, boost new industries

    Hong Kong’s leader has unveiled the city’s first five-year blueprint, aligned with China’s national development strategy, setting targets to nearly double innovation spending and raise the share of manufacturing and new industries to 5.5 per cent of the economy. In a historically significant new approach, Chief Executive John Lee Ka-chiu prefaced his annual policy address…

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    Hong Kong targets biomedicine powerhouse status in debut 5-year plan

      Hong Kong targets biomedicine powerhouse status in debut 5-year plan

      Biomedicine is set to feature in Hong Kong’s first five-year plan, due to be unveiled next week, as the city’s top officials signal closer medical cooperation across the Greater Bay Area. Lending weight to those ambitions, global pharmaceutical company GSK emphasised its interest in expanding its role in the region’s biotech development on Wednesday, at…

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