Hong Kong leader is keeping his eye on the ball as economic uncertainties and geopolitical tensions rattle confidence around the world
Economic volatility and geopolitical tensions are hurting confidence around the world, and Hong Kong is no exception. It is good, therefore, that Chief Executive John Lee Ka-chiu, in an interview with this newspaper to mark his third year in office, has highlighted the many opportunities that are available to drive this city forward.
Despite growing US hostility and restrictions on trade and other areas, Lee is determined to build on Hong Kong’s many unique advantages under the “one country, two systems” governing principle. These include maintaining Hong Kong’s status as a free port that Lee believes is the city’s “successful DNA” and further enhancing integration with mainland China without losing sight of our international connections. Lee also vowed to do more to help businesses reduce reliance on the US and tap opportunities in new markets, including in the Middle East and Southeast Asia.
Lee is well aware of the economic and livelihood challenges facing this city, citing data that offers a mixed picture. Nonetheless, he sees an improvement in the overall economy, while conceding some sectors, such as the retail and restaurant trades, are under huge pressure.
