Hong Kong’s first 5-year plan to tackle economic gaps, boost quality jobs: Paul Chan

Hong Kong’s first five-year plan will map out concrete strategies to address the city’s shortcomings and enhance socio-economic benefits, including leveraging AI to create quality jobs, the financial chief has said ahead of a public consultation on the blueprint.

Financial Secretary Paul Chan Mo-po said on Sunday that a key task for the blueprint would be the upgrading and transformation of the city’s economy, vowing to press ahead with the Northern Metropolis megaproject and make it a “spatial carrier” for emerging and future industries.

“Hong Kong’s five-year plan aims not only to provide greater momentum for economic development and better application of technology, but also to promote more inclusive and equitable development in society, provide residents with more quality employment opportunities, and create a better life,” he said in his weekly blog.

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The initiative is being led by Chief Executive John Lee Ka-chiu, with the blueprint expected to be finalised before the end of the year.

Lee said last week that the public consultation for the plan would begin on Monday, confirming an earlier South China Morning Post report.

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During the consultation period, the public can submit views via dedicated websites, and the government will hold multiple sessions to gather input from various sectors, including lawmakers and industry representatives.

  

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