ANZ on Hong Kong's Five-Year Plan
Raymond Yeung, Chief Greater China Economist at ANZ, discusses Hong Kong's move to create its own five-year planning blueprint on "Bloomberg: The China Show." (Source: Bloomberg)
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Raymond Yeung, Chief Greater China Economist at ANZ, discusses Hong Kong's move to create its own five-year planning blueprint on "Bloomberg: The China Show." (Source: Bloomberg)
Hong Kongโs first five-year plan will include both binding and aspirational targets, the cityโs leader has said, stressing that the long-term blueprint does not signal a move towards a planned economy. Chief Executive John Lee Ka-chiu also revealed on Tuesday that the plan, which will be unveiled alongside his annual policy address the following day, would feature a blue cover symbolising โblue skiesโ, openness, progress and steadiness. โThere will be indicators which are binding and indicators...
This year marks the opening year of the national 15th five-year plan. Faced with accelerating change globally and significant opportunities brought by national development, Hong Kong must better integrate into and serve the overall national development, enabling our economic progress to reach new heights while enhancing peopleโs livelihood and well-being. This February, I announced that the Hong Kong Special Administrative Region government would formulate the cityโs first five-year plan. I led...