HK Leader May Focus on Economy, Liquor Tax Cut in Speech
- Chief Executive John Lee will deliver annual address Wednesday
- City’s growth held back by property woes, sluggish consumption
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Hong Kong’s leader is expected to make bolstering the economy a priority in an annual speech this week, using it to lay out an agenda that includes a potential cut to a liquor tax and possible measures to strengthen the city’s status as a finance center.
Chief Executive John Lee will deliver his policy address on Wednesday at 11 a.m. with an expected focus on bringing back the city’s mojo after a pandemic slump. China’s slowdown and geopolitical uncertainties have also weighed on the almost $400 billion economy, which depends heavily on moving goods and money between its giant Chinese neighbor and the rest of the world.