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Hong Kong avoids rigid economic targets in first five-year plan
Hong Kong’s constitutional affairs minister said the city will focus on meeting plan targets rather than emphasizing accountability mechanisms for possible shortcomings.
Hong Kong has avoided setting overly rigid economic indicators in its inaugural five-year plan to reduce concerns the city is moving toward a planned economy, according to Secretary for Constitutional and Mainland Affairs Janice Tse Siu-wa, as reported by SCMP Economy.
Tse said the government’s immediate priority is hitting targets rather than dwelling on accountability mechanisms for potential shortfalls.
The minister also pointed to efforts to explore administrative measures to protect same-sex couples’ rights following a lawmakers veto of a bill last year intended to recognize partnerships in line with a court ruling, though she did not provide a timeline.
Hong Kong’s Chief Executive John Lee Ka-chiu unveiled the first five-year plan last month, outlining initiatives tied to speeding up the Northern Metropolis megaproject and reinforcing strengths in finance, aviation, maritime services, trade, and technology aligned with the nation’s development strategy.