Hong Kong unveils first five-year plan, aligned with Beijing's priorities
Chief Executive John Lee presented to the Legislative Council on Wednesday an economic development plan spanning five years, marking deeper integration with China's planning model.
Hong Kong is adopting the economic planning methodology used in mainland China. The chief executive of the special administrative region, John Lee, unveiled on Wednesday, September 16, to the Legislative Council Hong Kong's first five-year development plan, according to RFI.
This document represents an institutional innovation for the territory, which had never previously adopted this planning format, traditionally used by Beijing authorities to set medium-term economic and social objectives.
According to the source, this plan reflects an alignment of Hong Kong's economic directions with those defined by China's central authorities, in a context of accelerated integration of the territory with the rest of China.
The precise details of the plan's content, including its sectoral objectives and timelines, have not been specified in the information available at this stage.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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