WORLD · VERIFIED DEVELOPMENT
Hong Kong Unveils First 5-Year Plan with Binding and Aspirational Targets
WHY IT MATTERS
The plan's focus on binding indicators and aspirational targets will help Hong Kong's government set clear goals and measure its progress, potentially leading to more effective policy implementation and economic development.
What happened
Hong Kong's leader, John Lee Ka-chiu, has announced the city's first five-year plan, which will include both binding and aspirational targets. The plan, set to be unveiled alongside Lee's annual policy address, aims to promote 'blue skies', openness, progress, and steadiness.
The blueprint does not signal a move towards a planned economy, according to Lee. The plan will feature a blue cover symbolizing its key themes.
The binding indicators will hold the government accountable for its goals, while the aspirational targets will serve as a guide for future development. The annual policy address will provide further details on the plan's implementation and expected outcomes.
PRIMARY SOURCES
Hong Kong’s first 5-year plan to set goals, not alter economic system: John Lee
South China Morning Post · Matthew Cheng · Discovery only; publisher copyright and subscription terms apply