Fundamental economic changes needed to end strife
As widely expected, Chief Executive Carrie Lam Cheng Yuet-ngor's third Policy Address was rich in proposals to address Hong Kong's acute housing woes, and help needy families and the elderly.
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发布日期 (RSS):7 Apr
As widely expected, Chief Executive Carrie Lam Cheng Yuet-ngor's third Policy Address was rich in proposals to address Hong Kong's acute housing woes, and help needy families and the elderly.
Having witnessed the historic transformation of China - from a monarchy to the founding of the People's Republic of China - Fung Group, a Hong Kong-based enterprise that started in Guangdong more than a century ago - testifies to the monumental changes the nation has gone through since.
There's a steep climb ahead, but some in Hong Kong who want to restore the city's status in "the rag trade" are ready to compete with the big names like Chanel, Dolce & Gabbana, Zara, and H&M.
The annual Policy Address, where the chief executive sets out the government's plans for the year ahead, has just been delivered by video. It was unfortunate, to say the least, that several rowdy Legislative Council members caused such noise and unseemly disorder in the chamber that, despite making two brave attempts, the CE was not able to deliver her speech there in person.
No one will question the great difficulties that Hong Kong is facing. But this is exactly the time to test out whether and how Hong Kong people are prepared to work together to achieve a brighter, better future for all.
It is not an easy job to release a Policy Address in a tough time like the one Hong Kong is now in. Carrie Lam Cheng Yuet-ngor, the chief executive, got the task done by making the Policy Address concise and focused. Though the Policy Address is short, its implications and implicit agenda are still worth studying, especially because it is a Policy Address released in a tough time.
Chief Executive Carrie Lam Cheng Yuet-ngor unveiled a package of economic measures in her third Policy Address on Wednesday in a bid to put the city back on track and cope with a recession expected in the third quarter of this year.
Industry pundits on Wednesday applauded an ambitious package of proposals by the HKSAR government to address one of the city's pressing issues - boosting land supply to provide more affordable housing.
The chief executive unveils a series of proposals for housing, land supply, trade and technology that aim to resolve long-simmering problems and spark innovation in the financial center.
Boosting homeownership and providing more public housing was front and center in Chief Executive Carrie Lam Cheng Yuet-ngor's third Policy Address on Wednesday - a move hailed by experts as an effective way to mitigate the social unrest that has roiled the city for four months.
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