Hong Kong unveils first five-year plan, signals shift toward state-led development

Hong Kong's first five-year plan, based on 16,000 public submissions, marks a departure from its market-driven governance tradition, indicating a move toward more state-directed economic and social policy. The plan's emphasis on long-term development suggests a convergence of public consensus and political will, potentially reshaping the city's governance model. This shift could have implications for Hong Kong's economic policy and its relationship with mainland China.