Reported about 3 hours ago
Hong Kong's Chief Executive John Lee outlined plans to enhance the city's economy and foster emerging industries like AI and higher education, during his annual policy address. He aims to develop the Northern Metropolis near the Shenzhen border, which includes building an IT hub and creating jobs, as Hong Kong seeks to diversify beyond its traditional financial sector. Despite recent GDP growth, challenges remain, with vacant shops and declines in retail sales due to competition from mainland China. Lee's administration is also focusing on increasing international student enrollment in government-funded universities.
Source: YAHOO