Hong Kong’s first five-year plan signals a new path for future growth

By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser. Editor's note: Zhang Hongsheng is deputy director of the China Academy of Digital Trade, Zhejiang University and an associate professor at the School of Economics, Zhejiang University. The article is translated from the original Chinese and reflects the author's opinions and not necessarily the views of CGTN. A view of the Hong Kong Convention and Exhibition Centre, Hong Kong Special Administrative Region, China. /VCG The release of the Hong Kong Special Administrative Region's first five-year plan marks an important milestone in the city's development. Its significance goes beyond extending the policy horizon from one year to five years. More importantly, it represents a change in development thinking, moving from responding to circumstances as they arise to taking a more proactive approach in preparing for the future. The global economic landscape is changing rapidly. Geopolitical tensions, supply chain adjustments, artificial intelligence and the green transition are reshaping competition among cities.

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