Hong Kong sets 5-year plan to double innovation spending, boost new industries
Blueprint sets 22 major goals for economic development, livelihoods and environmental protection, policy address targets five key areas of development
The two documents would go hand in hand, Lee said, promising to take the city’s economic development to the next level by creating a new innovation engine in the Northern Metropolis megaproject, while building on Hong Kong’s strengths in finance, aviation, maritime services, trade and technology.
He also focused on improving living standards and social well-being, announcing initiatives ranging from higher baby bonuses to encourage childbirth and increased healthcare spending to more subsidised housing and shorter waiting times for public flats.
