John Lee's upcoming policy speech is imminent. What might Hong Kong residents anticipate?
John Lee Ka-chiu, the current Chief Executive of Hong Kong, is set to present his fourth annual policy address on Wednesday. One of the anticipated highlights of this address is the acceleration of the Northern Metropolis megaproject, a significant part of Lee's planned direction for economic development in the city.
The Northern Metropolis megaproject, a 30,000-hectare (74,100-acre) project along Hong Kong's shared border with mainland China, serves as a test of execution and governance for Lee's administration. Beijing is eager for the development of this project to be accelerated, as it aims to diversify Hong Kong's economy and bolster the city's innovation and technology sector.
To facilitate the project, Lee plans to offer legal and administrative solutions, including adopting mainland construction standards. The decision-making process for development applications in the Northern Metropolis megaproject will be streamlined, and a company will be set up to attract industries more efficiently for the project.
Lee's policy blueprint for the Northern Metropolis megaproject also includes measures to address deep-rooted livelihood issues in Hong Kong, demonstrating his commitment to balancing economic growth with social welfare. The policy address aims to stimulate a sluggish economy in Hong Kong, with the Northern Metropolis Connection Port, scheduled to be realized by 2030, playing a crucial role in this endeavour.
The Northern Metropolis megaproject is a significant part of Lee's planned direction for the city, and his policy blueprint reflects a strategic approach to its development. By streamlining processes, attracting industries, and addressing social issues, Lee aims to make the Northern Metropolis megaproject a success, thereby reinforcing his administration's ability to deliver on its promises.
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